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🤯 $70M Burned. No Profits. HSBC Gave Up.
Jul 27, 2025

🤯 $70M Burned. No Profits. HSBC Gave Up.

Serai had everything — capital, connections, and 16k users... but still died broke. Here’s why Serai failed — and what every founder should learn.

Admond Lee
Admond Lee
Hong KongHong Kong
🤙🏻 How this $1.5B hotel phone empire burned $170M in 7 years
Feb 09, 2025

🤙🏻 How this $1.5B hotel phone empire burned $170M in 7 years

Never bet against technological progress

Admond Lee
Admond Lee
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