Business
Hong Kong Fashion Tech Start-Up Code-Create Seeks $2M for Expansion into Mainland China and South Korea
Fashion tech company from Hong Kong garners funding, targets expansion in mainland and South Korea
Home-grown venture Code-Create is set on amassing a minimum of US$2 million by the close of 2025 to finance its impending expansion strategies.
Code-Create, a software company from Hong Kong that specializes in fashion design, is collaborating with a local venture capital firm to gather funds for its growth strategy. Initially, they are focusing on significant markets in mainland China and South Korea.
The new business is targeting to gather a minimum of US$2 million by the close of 2025, assisted by Eschange Capital, their key investor. The capital will be allocated to bolster marketing efforts, team expansion, and software upgrades to meet their objectives.
"China holds massive prospects as a market," stated Kim Wong, co-founder and CEO, during a press conference on Monday. He further mentioned that Code-Create is already established on several social platforms across mainland China and within its clientele. "Our aim is to extend our reach to the international market."
Their AiDA software, also known as the AI-driven Interactive Design Assistant for Fashion, employs various AI technologies to support designers throughout the idea generation and design stages. It speeds up the product development cycle, from the inception of a creative idea to the product's market introduction.
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