member
Peter LAM
CEO, Fonfair Technology Limited
As a serial entrepreneur and leader in cloud, mobile, and circular economy innovation, I’ve driven transformative solutions for 20+ years across the USand Asia. I’ve led cloud transitions at startups like Procket Networks (acquired by Cisco) and Timetra (acquired by Alcatel). My career beganat Cisco and Alcatel-Lucent, where I pioneered Internet video (US Patent 8964571) and cloud. Transitioning to entrepreneurship, I founded ventureslike Ola Tech, a circular economy marketplace achieving 8x revenue growth, and Popular Street, a real estate platform attracting Fortune 500 M&Ainterest. I also advised Pest0 and Rick’s PlasticVoreChain. My strategic guidance helped Pest0’s eco-friendly pest control innovation win 1st prize at theHKUST Sino $1 million competition. As a mentor, I angel-invested in Lightup.io (AR for kids) and served on the Channel Islands Rotary Club board. Mytechnical expertise spans cloud and scaling products, paired with a founder’s grit to tackle global challenges. Specialties: Cloud Architecture | AI |Circular Economy | Product Management Scaling.
Company Description
Ola Tech (FonFair Technology) is a US VC-backed marketplace for sustainable electronics headquartered in Hong Kong. Founded in 2019, it specializesin refurbished electronic devices with warranties, combining environmental responsibility with tech-driven growth. Backed by Mucker Capital (investorand mentor), Ola Tech achieved 8x revenue growth in under two years while diverting 10 tons of e-waste from landfills. Success Highlights
✔ Doubledaverage order value in 18 months via conversion funnel optimization.
✔ Drove 70% of revenue by ranking in the top 10 on Google for mobile keywords.
✔ Partnered with mobile carrier Three to launch an AI-powered trade-in platform during COVID-19.
✔ Collaborated with brands like Foodpanda andChow Tai Fook Jewellery.
✔ Awarded $100K in grants from Hong Kong’s Recycling Fund and Innovation Fund. Ola Tech bridges innovation andsustainability, empowering Southeast Asia’s circular economy while redefining the refurbished electronics market.