Tang Yiu's little-known investment firm is now backing some of the city’s most promising startups
Despite the Tang family’s links to women’s shoes and retail, ParticleX focuses on technology-based startups. “The second generation of the [Tang] family are very passionate about technology—that it can improve people’s lives and the betterment of human beings,” says Mingles Tsoi, chief exploration officer of ParticleX, in an interview at the startup accelerator’s office in a WeWork space.
A former director of startup and innovation services at KPMG, Tsoi is especially interested in startups deploying data technology to various industries, such as property management. RaSpect Intelligence Inspection, for example, which is one of the five Hong Kong startups backed by ParticleX on the Forbes Asia 100 to Watch, uses a combination of AI, IoT sensing technology and robotics to inspect buildings for hazards. The four-year-old startup says it is a more accurate, faster and cheaper method than traditional inspections.
ParticleX is currently working with Hong Kong property developer Chinachem Group, government-backed Hong Kong Science & Technology Parks and the Hong Kong University of Science and Technology, among others, toHong Kong is home to the most skyscrapers in the world.
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