Startup MioTech hires Pinduoduo finance head to get 'IPO ready'

Company aims to double staff count amid Singapore expansion

MioTech helps clients manage and report their ESG -- environmental, social and governance -- data using algorithms derived from scanning databases, social media posts and news media. (Screenshot from MioTech's website)

PAK YIU, Nikkei staff writer

March 23, 2022 22:00 JST

Updated on March 23, 2022 22:54 JST

HONG KONG -- Hong Kong sustainability startup MioTech has tapped a former finance head at Chinese e-commerce group Pinduoduo to help it become "IPO ready" as it eyes an expansion into Southeast Asia.

Tian Xu, also a former finance director at Chinese search engine Baidu, joined the HSBC-backed MioTech last month as its new chief operating officer, the company told Nikkei Asia on Wednesday. He will also be in charge of finance at the startup, which uses artificial intelligence to generate data for asset managers and investors around Asia.