A new investigative journalism agency has raised over HK$3million on crowdfunding platform Fringebacker.

“2040 Hong Kongers created this miracle together. Thank you Hong Kong!” Factwire stated on its Facebook page on Tuesday afternoon.

On its Fringebacker page, Factwire describes itself as Hong Kong’s first and foremost news agency specialising in investigative journalism. Its ambition is “to be the most trusted news organisation in the world”.

“Hong Kong is one of the few places where information flows almost completely freely. If Paris has Agence France-Presse, New York has the Associated Press, [and] London has Reuter, why [shouldn’t] Hong Kong have FactWire?” it asked.

The project was initiated by veteran local journalist Ng Hiu-tung, who has worked for various media outlets including Cable News and TVB. The campaign was launched on 30 June 2015 and still has ten days to go after it hit its HK$3 million target on Tuesday.

Last month, Factwire announced that it had broken records for online fundraising in Hong Kong, with over 800 people donating more than HK$1 million in just 24 days, “almost doubling the previous funding record held by Hong Kong Free Press which raised almost HK$600,000 on FringeBacker six weeks ago”.

Karen is a journalist and writer covering politics and legal affairs in Hong Kong for HKFP. She has also written features on human rights, public space, regional legal developments, social and grassroots activism, and arts & culture. She is a BA and LLB graduate from the University of Hong Kong.