Tink Labs provides hotel guests with free smartphones

A Hong Kong company that provides hotel guests with free smartphones has raised $125 million from investors including electronics manufacturer Foxconn, making it one of the city’s best-funded start-ups. Tink Labs, which was founded by 24-year-old university dropout Terence Kwok, said it would use the money to expand into new cities and develop more advanced phones that incorporate wireless charging and remote control for in-room air conditioning and televisions. Started four years ago, the company rents its “handy” phones to hotels through long-term subscription deals. Tink says the phones, which offer travellers free internet access and calls, help hotels improve the guest experience, sell extra services and gather data on customer preferences… The company has already installed 100,000 phones in hotel room in 15 cities, including Hong Kong, Singapore and London. With the new investment, it hopes to expand to 1 million phones by the end of next year.

 

Ben Bland

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