We are happy to
introduce you to one of the two companies we are going to visit on Tuesday
during our stay in Hong Kong. The innovative startup Snapask will be the first
visit in the morning hours.
In the March
edition of the „Hong Kong Business“ magazine the startup „Snapask“ was rated 7th on
the ranking „Hong Kong’s hottest startups in 2016“. It is an application, which
offers students help for their homework. For example a student can take a photo
of his mathematics homework and then gets one of the 2000 professional tutors
within only 17 seconds on average (according to Snapask’s website).The tutor
will communicate via text messages, voice messages or photos to find a solution
for the homework. This also works for several other subjects.
The first three
so called „Snaps“ (photos of the homework) are for free. After these three were
used, the students get the opportunity to subscribe to two options: Either use
up to 10 snaps per month for HK$ 98 per month or have unlimited snaps and the
choice of their tutor for HK$ 368 per month.
The company was
founded in October 2014 and managed to get 50,000 users. They raised US$ 1.4 mio. until
March 2015.
During our visit
it will be interesting to find out about differences between German and
Hongkong startups and also get some further details on their business model,
problems they faced in the past and plans for the future. The company might
also invite one of their interns or recent graduates to share the view on
working for a startup. However it will be a challenge to fit all this content
in the one hour visit.
Tatjana
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