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Gaifong, or 'neighbor' in Cantonese, is a mobile-app-based social networks where users borrow and rent consumer goods from each other, rather than buy from stores. Leveraging urban density in major cities, most transactions can occur within the same building or housing development, drastically reducing transaction costs. After an initial starter fund from Cyberport Hong Kong, it has been piloting native Android and iOS mobile apps in Hong Kong, growing 30% m/m. Reach out to learn more contact@gaifongapp.com For recent press coverage (Chinese), see http://gaifong.totemapp.com
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