About SaaS sector in Hong Kong, China
The SaaS sector in Hong Kong, China comprises 1.02K companies, including 153 funded companies having collectively raised $2.65B in venture capital money and private equity. Out of these, 58 are Series A+ funded.
SaaS sector in Hong Kong, China has seen 22 acquisitions and 7 IPOs.
This sector includes companies providing cloud-based, multi-tenant and subscription or on-demand B2B software applications.
SaaS sector is also known as SaaS Solutions, Advanced SaaS or Digital SaaS.
All B2B software that offers cloud-based, multi-tenant solutions for business functions like Marketing, HR, Sales, Business Intelligence, etc are included in this sector. 1. All On-premise B2B software are excluded. 2. All companies that do not offer their own proprietary software are excluded. 3. Services and Consulting firms are also excluded. 4. Resellers are also excluded.
Top SaaS Companies in Hong Kong, China
There are 1,025 SaaS startups in Hong Kong, China which include Lynk, Easyship, Shopline, AlloyX, Hive Box. Out of these, 153 startups are funded, with 58 having secured Series A+ funding.
2026 has seen the creation of 15 SaaS startups in Hong Kong, China. Over the past 10 years, an average of 52 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Hong Kong University of Science and Technology (HKUST), Imperial College London and Stanford University.
Here is the list of top SaaS startups in Hong Kong, China
1. Lynk
Provider of market research consulting and automated data extraction tools. Services include primary research through interviews, focus groups, and surveys to support business decision making. The business also offers software for document processing, automated report generation, and lead generation outreach. These offerings assist with market entry, competitor analysis, pricing strategies, and supply chain benchmarking.
Key facts about Lynk
- Founded Year: 2013
- Location: Hong Kong (China)
- Stage: Acquired
- Total Funding till date: $35M
- Investors: MassMutual Ventures, UBS and 11 Others
- Latest Funding Round: Series B, Sep 01, 2021, $*****
- Tracxn Score: 65/100 What is this?
- Competitors Rank: 1 of 22,982 Competitors
2. Easyship
Easyship is a provider of shipping solutions for eCommerce sellers. It allows eCommerce merchants and marketplaces to integrate shipping gateway to their shopping cart. The users can also import the orders manually into the system and compare & choose the shipping partner. Once the shipping labels and other documents are attached, the package will be picked up from the customer's doorstep. The solution can be integrated with Amazon, Shopify, eBay, Etsy, and Lazada among others. The company claims to have more than 1000+ sellers including Alzando, Racing the Planet, and Kix-Files among others.
Key facts about Easyship
- Founded Year: 2014
- Location: Hong Kong (China)
- Stage: Series A
- Total Funding till date: $4M
- Investors: 500 Durians, Kima Ventures and 9 Others
- Latest Funding Round: Series A, Nov 29, 2018, $*****
- Tracxn Score: 62/100 What is this?
- Competitors Rank: 18 of 1,001 Competitors
3. Shopline
Shopline is a DIY e-commerce platform for creating online shops in Asia. They provide native language support, regional payment methods and the entire experience is made available for mobile as well. All shops are made adaptable to all screen sizes so the customer experience is consistent on every device. Shopline has been backed up by Dave McClure (500 Startups) and Sven Ernst. It claims to have helped open up around 15000 shops till dat
Key facts about Shopline
- Founded Year: 2013
- Location: Hong Kong (China)
- Stage: Series A
- Total Funding till date: $48.2M
- Investors: Alibaba Entrepreneurs Fund, 500 Global and 16 Others
- Latest Funding Round: Series A, Jan 22, 2020, $*****
- Tracxn Score: 57/100 What is this?
- Competitors Rank: 37 of 2,329 Competitors
4. AlloyX
Provider of stablecoin payment infrastructure, digital asset custody, and tokenization services. The company delivers fiat-to-stablecoin solutions, embedded wallets, and multi-chain infrastructure. It supports payments, custody, settlement, investment, and asset tokenization. The platform facilitates sending and receiving stablecoin payments, currency exchange, and integration of crypto payments. It also offers real world asset tokenization.
Key facts about AlloyX
- Founded Year: 2012
- Location: Hong Kong (China)
- Stage: Acquired
- Total Funding till date: $12M
- Investors: Hack VC, Thesolomonfoundation and 18 Others
- Latest Funding Round: Post IPO, Feb 10, 2026, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 7 of 166 Competitors
5. Hive Box
Offers SaaS-enabled smart locker solutions for logistics. The company offers tech-enabled parcel locker solutions for last-mile delivery management. It also offers SaaS-enabled solutions and application for managing pick-up and drop-off locations.
Key facts about Hive Box
- Founded Year: 2015
- Location: Hong Kong (China)
- Stage: Series C
- Total Funding till date: $1.08B
- Investors: Trustbridge Partners, CDH and 8 Others
- Latest Funding Round: Series C, Jan 08, 2021, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 1 of 22 Competitors
Companies founded year-on-year in the SaaS sector in Hong Kong
15 new startups have been founded so far in 2026 in the SaaS sector in Hong Kong. 81 SaaS startups in Hong Kong were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 15 |
2025 | 40 |
2024 | 49 |
2023 | 48 |
2022 | 34 |
2021 | 50 |
2020 | 75 |
2019 | 65 |
2018 | 81 |
2017 | 65 |
Stage-wise distribution of SaaS sector companies in Hong Kong
Out of the total 1,025 SaaS companies in Hong Kong, 153 have secured funding. Among them, 58 have reached Series A or higher, and 36 to Series B or beyond.
Founded - 1,025
Funded - 153
Series A+ - 58
Series B+ - 36
Series C+ - 34
Company Stage | No. of companies |
|---|---|
Founded | 1,025 |
Funded | 153 |
Series A+ | 58 |
Series B+ | 36 |
Series C+ | 34 |
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Funding Trends in the SaaS sector in Hong Kong
Total funding year-on-year in the SaaS sector in Hong Kong
The SaaS sector in Hong Kong saw a total funding of more than $2.6B in the last 10 years. The most amount of funding was in 2021 at more than $626M. There has been a total funding of $358M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $358M |
2025 | $545M |
2024 | $26.2M |
2023 | $97.9M |
2022 | $78.1M |
2021 | $626M |
2020 | $122M |
2019 | $31.1M |
2018 | $349M |
2017 | $367M |
Recent Funding Rounds in SaaS in Hong Kong
In the year 2026, till August 2026, SaaS companies in Hong Kong have raised $57.5M in equity funding across 7 rounds.
In the same period last year (i.e. till July 2025), SaaS companies in Hong Kong had raised $24.7M across 7 rounds.
So, 2026 has seen a 132.79% rise in funding in SaaS companies in Hong Kong as compared to 2025.
Here are some recent, important funding rounds in SaaS companies in Hong Kong:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 7337 | Aug 27, 2026 | ||
Series A | 4492 | Jul 09, 2026 | and 2 more | |
Series A | 3473 | May 13, 2026 | ||
Seed | 6576 | May 04, 2026 | ||
Seed | 4198 | Feb 16, 2026 |
Top Investors in SaaS in Hong Kong
Felicis Ventures is the top investor in SaaS companies in Hong Kong based on number of companies invested.
Here are some top investors in SaaS companies in Hong Kong:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Menlo Park (United States) | - | |
New York City (United States) | - | |
San Jose (United States) | - | |
Hong Kong (China) | ||
London (United Kingdom) | - |
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M&A activity in SaaS sector in Hong Kong
In the year 2025, till December 2025, 2 acquisitions happened in SaaS sector in Hong Kong.
Here are some recent, important acquisitions in SaaS sector in Hong Kong:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 08, 2025 | ||
Business Acquisition | Sep 04, 2025 | ||
Business Acquisition | Oct 04, 2023 | ||
Business Acquisition | Dec 08, 2022 | ||
Business Acquisition | Sep 08, 2022 |
Acquisition trends in SaaS sector in Hong Kong
Here are the acquisition trends in SaaS sector in Hong Kong:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 2 |
2024 | - |
2023 | 1 |
2022 | 6 |
2021 | 1 |
2020 | - |
2019 | - |
2018 | 1 |
2017 | 3 |
IPOs in SaaS in Hong Kong
In the year 2025, till April 2025, 1 IPO happened in SaaS sector in Hong Kong.
Here are some recent, important IPOs in SaaS sector in Hong Kong:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Apr 01, 2025 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Apr 27, 2012 | Hong Kong Exchanges (HKG) | |
Apr 27, 2012 | Hong Kong Exchanges (HKG) | |
Dec 18, 2009 | Toronto Stock Exchange - Venture Exchange (TSX-V) | |
Feb 16, 2001 | Hong Kong Exchanges (HKG) |
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Colleges which produce the most SaaS companies in Hong Kong
Companies founded by alumni from top colleges in the SaaS in Hong Kong
Most number of SaaS startups in Hong Kong have been founded by alumni from Hong Kong University of Science and Technology (HKUST), Imperial College London and Stanford University.
College | No. of companies |
|---|---|
Hong Kong University of Science and Technology (HKUST) | 12 |
Imperial College London | 4 |
Stanford University | 4 |
University of Waterloo | 4 |
University of Toronto | 3 |
Harvard University | 2 |
Tsinghua University | 2 |
University of Cambridge | 2 |
University of Oxford | 2 |
University of Pennsylvania | 2 |
Total funding in SaaS companies founded by alumni from top colleges in Hong Kong
In the last 10 years, University of Chicago graduates' SaaS companies in Hong Kong have raised the most funding among top colleges. Hong Kong University of Science and Technology (HKUST) alumni are second, and The Wharton School alumni are third.
College | Total Funding |
|---|---|
University of Chicago | $48.2M |
Hong Kong University of Science and Technology (HKUST) | $36.2M |
The Wharton School | $34M |
University of Pennsylvania | $34M |
Wharton School | $34M |
Imperial College London | $16.1M |
Columbia Business School | $15M |
Columbia University | $15M |
University of Waterloo | $8.87M |
Bocconi University | $4M |
Top News in SaaS in Hong Kong
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OSL Group Becomes Authorized Distributor for Regulated Hong Kong Dollar Stablecoin HKDAPGlobeNewswire•Aug 12, 2026•OSL, HashKey
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GINSMS Announces Semi-Annual Financial Results for the Six Months Ended June 30, 2026Access Newswire•Aug 12, 2026•GINSMS
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OSL Group Launches OSL AgentPay, an Agent-Native Payment Infrastructure Supporting Multiple StablecoinsGlobeNewswire•Aug 07, 2026•OSL
•
OSL HK Launches XRP Trading for Retail Investors, First Licensed Exchange in Hong Kong to Do SoThe Crypto Times•Jul 29, 2026•OSL
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SOLOWIN HOLDINGS Partners with ATTRUS to Expand Digital Payments in Latin Americacitybuzz•Jul 23, 2026•AlloyX
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OSL Group Named to CNBC’s "World’s Top Fintech Companies 2026" for Second Consecutive YearGlobeNewswire•Jul 22, 2026•OSL
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OSL Group Announces USDGO Stablecoin Surpasses US$1 Billion in Circulating SupplyGlobeNewswire•Jul 20, 2026•OSL
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