Business
Hong Kong Fashion Tech Start-Up Code-Create Targets Mainland China and South Korea Expansion after Raising $2M Fund
Fashion tech start-up in Hong Kong secures funding, targets expansion in mainland China and South Korea
Home-grown start-up Code-Create is hoping to gather a minimum of US$2 million by the close of 2025 to support its immediate expansion strategies.
Code-Create, a software supplier for fashion design based in Hong Kong, is collaborating with a domestic venture capital fund to gather funds for its growth strategy. Initially, they are setting their sights on significant markets in mainland China and South Korea.
The new venture has set a goal to accumulate a minimum of US$2 million by the close of 2025, assisted by its investment ally, Eschange Capital. The capital raised will be channelled towards marketing efforts, team expansion, and software upgrades to realize its objectives.
"China's market holds immense possibilities," stated Kim Wong, co-founder and CEO, in a press conference on Monday. He further mentioned that Code-Create is already established on several social platforms in the mainland and has a diverse client base. "Our goal is to tap into the international market."
The AiDA software, also known as the AI-powered Interactive Design Assistant for Fashion, employs a variety of AI technologies to address the requirements of designers throughout the ideation and design stage. It speeds up the product development cycle from the initial creative idea to the product's introduction to the market.
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