Tink Labs’ plan to populate Hong Kong hotel rooms with preloaded smartphones gets US$13m blessing from Foxconn subsidiary
A Hong Kong start-up that saves travellers from pricey roaming charges by providing smartphones for guests at top hotels has secured a US$13 million investment from a Foxconn subsidiary.
Tink Labs, which offers its self-branded Handy devices loaded with city guides at hotels in cities including Hong Kong, Singapore and Istanbul, secured the investment from FIH Mobile Ltd, a subsidiary of the Taiwan-based assembly manufacturer.
The company said the investment will be used to support its expansion into European and Asian travel destinations.
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“Handy is synonymous with Hong Kong’s mobile-driven tourists, and a widely lauded hotel amenity on popular travel review websites,” said Tink Labs founder and CEO Terence Kwok.
“We are honoured to have Foxconn on board as both an investor and a partner, and will greatly benefit from their technological expertise and global capabilities, as we aggressively expand handy’s customer base.”
FIH Mobile’s investment brings the total funding raised by the start-up to US$35 million. Earlier investors include mobile phone manufacturer TCL Communications Holdings Ltd.