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Is Hong Kong The New Tech Hub of China?

IS HONG KONG THE NEW TECH HUB OF CHINA? DOES HONG KONG HAVE WHAT IT TAKES TO BECOME THE NEW TECH HUB OF THE EAST AND COMPETE GLOBALLY? II MASSIVE MARKETS II THE POPULATIONS OF CHINA'S BIGGEST TECH CENTRES SHANGHAI BEIJING 23.47 MILLION 20.69 MILLION SHENZHEN HONG KONG 15 MILLION 7.1 MILLION PERCENTAGE OF RESIDENTS WITH INTERNET ACCESS: 66.2% 72% 76.8% 90% SHANGHAI BEIJING SHENZHEN HONG KONG THE GREAT FIREWALL BUT HONG KONG'S AFTER IRAN, CHINA IS THE WORLD'S WORST INTERNET CENSOR! INTERNET IS CHINA'S WEB IS FILTERED FOR: NOT CENSORED! Conflict- & Social Content (Substantial) Political Content Internet Tools Security-related Content (Pervasive) (Substantial) (Pervasive) WEIBO SUBSCRIBERS AVERAGE INTERNET SPEEDS MAINLAND CHINA HONG KONG 503 MILLION 46.2 MILLION REGISTERED USERS DAILY ACTIVE USERS BEIJING 3.5 MBPS It's most active users are along the East Coast of China, SHANGHAI 5 MBPS with HK at one of HONG KONG 55 MBPS the centre points.* Google IN 2010, GOOGLE SHUT DOWN GOOGLE.CN AND REROUTED ALL CHINESE TRAFFIC THROUGH HONG KONG. *check out the heat map on: http://blogs.wsj.com/chinarealtime/2013/03/12/how-many-people-really-use-sina-weibo/ A RISING TIDE IN "SILICON HARBOUR" III Hong Kong is "wildly entrepreneurial and fiercely independent in spirit." -TIME TIME IT TAKES TO REGISTER A NEW PERCENTAGE OF CHINESE TECH STARTUPS BUSINESS & OPEN BANK ACCOUNTS HOSTS • GROWTH DECREASE BEIJING SHANGHAI HONG KONG 30-60 30-60 DAY 30-60 DAY DAY 2011 2011 2011 49.7% 17.9% 1.8% DAY 2012 2012 2012 43.9% 17.7% 2.8% HONG KONG BEIJING SHANGHAI SHENZHEN 6 TO 5000+ BETWEEN 2009 - 2012, STARTUPSHK.COM MEMBERSHIP GREW FROM COWORKING SPACES AND STARTUP INCUBATORS RECENTLY OPENED IN... HONG KONG LONDON NEW YORK The Hive Hong Kong (2012) Google Campus (2012) General Assembly (2011) Hong Kong Science & Technology Park (Partially open/construction ongoing) Techhub (2012) Fueled Collective (2012) Innovation Warehouse (2010) WeWork Labs (2011) > CoCoon (2012) The Cube (2009) Projective Space (2011) > Cyberport (2008) White Bear Yard (2009) > New Work City (2007) "Hong Kong's] co-working space has increased 100x in the past 12 months alone." -TYTUS MICHALSKI (ANGEL INVESTOR/STARTUP ADVISOR) HONG KONG'S STATE SUPPORT: $860,000 um $750 BILLION USD S3 BILLION USD MILLION USD (each) Amount spent on Science & Amount spent by Innovation & Technology Commission to fund 527 projects since Amount HK Science & Tech Amount spent by the (ARF) Applied Research Fund on Park incubation program awards promising startups Tech R&D in 2011 tech R&D 2000 "Hong Kong today reminds me of New York in 2008." -PAUL ORLANDO (CO-FOUNDER & DIRECTOR OF ACCELERATORHK) NEW BUSINESSES LAUNCHED IN 2011 NET INCOME FROM FOREIGN INVESTMENT (%GDP): • 2011 2008 LONDON HONG KONG 159,000 7.8% 150,000 INCREASE 40% 35% 30% NEW YORK CITY 25% 65,000 20% 8.4% DECREASE 15% 0.8% DECREASE 0.6% 10% DECREASE 5% HONG KONG CHINA USA UK 18 SINCE 2010, CHINESE TECH COMPANIES HAVE DELISTED IN WALL STREET TO JOIN HONG KONG'S STOCK EXCHANGE. A MOBILIZING TECH MARKETI MOBILE SERVICE PROVIDERS PRIVATELY OWNED GOVERNMENT CONTROLLED 0 0 3 HONG KONG MAINLAND CHINA CHINA MOBILE BASIC MONTHLY PERCENTAGE OF MOBILE PHONES PER PLANS COST PERSON MAINLAND CHINA HONG KONG $9.30 USD $8.80 USD HONG KONG USA CHINA 230% 103% 81.2% INCLUDING: INCLUDING: 1600 MINUTES 350 MINUTES 10K TEXTS O TEXTS ULIMITED 3G 10MB OF 3G Hong Kong "is a powder keg of a techeconomy waiting to explode." -FORBES WHAT'S HOLDING HONG KONG BACK? PROPERTY PRICES SCALABILITY INVESTOR CONFIDENCE UNDER SPENDING ON INNOVATION %24 In a city dominated by finance and real estate, In 2013, Hong Kong's Startups have a tough time scaling up in a market (pop. 7m) that is tiny in comparison to mainland China's (pop. 1.3b) Last year, R&D expenditures only accounted for 0.73% of GDP. average rents are 30% higher that NYC's investors are wary to fund startups in the still unproven tech market. WHAT THEY ARE DOING? The HKTB (Hong Kong Tourism Board) and the Government are working together to promote Hong Kong as: "ASIA'S PREMIER INTERNATIONAL CITY, & A WORLD-CLASS DESTINATION FOR LEISURE & BUSINESS VISITORS" In the first half of 2012 there were 760,000 overnight visitors an increase of 4.8% over the The Government earmarked additional funds to raise Hong Kong's MICE (meetings, incentive travels, conventions & exhibitions) profile & strengthen support to MICE events to be hosted in Hong Kong! same period in 2011! HONG KONGS MAIN VENUE'S FOR MICE EVENTS ARE: ASIAWORLDEXPO (AWE) HONG KONG CONVENTION & HONG KONG INTERNATIONAL TRADE EXHIBITION CENTRE (HKCEC) AND EXHIBITION CENTRE (HKIEC) near the Airport in the heart of the city in Kowloon Bay BOTH AWE AND HKCEC HAVE BEEN LISTED IN THE TOP THREE " BEST CONVENTION AND EXHIBITION CENTRE " IN THE CEI ASIA INDUSTRY AWARDS 2012 INDIVIDUAL VISIT SCHEME (IVS): ENABLES TRAVELLERS FROM MAINLAND CHINA TO VISIT HONG KONG ON AN INDIVIDUAL BASIS RATHER THAN ON A BUSINESS VISA! British Passport Holders are permitted to stay visa-free for 6 months* > Most Western European nations, Canada & US are permitted to stay for 3 months* Mexico, Finland, Germany, Greece, Japan & South Africa permitted to stay for 1 month* Visas are still required for personnel from Eastern European Countries* *http://uk.reuters.com/business/business-travel/hong-kong?view=info With its explosive recent growth and rapid development, Hong Kong is the fastest rising tech hub in Asia. At its current pace, it is poised to become one of the world's technological leaders! Resource list: http://www.internetworldstats.com/asia.htm http://www.censtatd.gov.hk/hkstat/sub/so120.jsp http://www.techinasia.com/china-top-startup-cities-august-2012/ http://www.techinasia.com/chinese-startups/ http://arshadchowdhury.com/1005-hong-kong-startups/ http://www.globaltimes.cn/NEWS/tabid/99/ID/707874/Shanghai-population-surges-to-2347-million.aspx http://english.cntv.cn/program/newsupdate/20130120/104318.shtml http://www.tealeafnation.com/2013/01/a-map-of-two-chinas-internet-penetration-and-economic-development/ http://thenextweb.com/asia/2012/12/14/chinese-manufacturing-base-shenzhen-leads-country-in-internet-microblog-penetration-report/ http://www.shenzhen-standard.com/2012/05/30/shenzhen-ranks-fifth-in-the-world-in-terms-of-population-density/l http://www.budde.com.au/Research/Hong-Kong-Telecoms-Mobile-Broadband-and-Forecasts.html http://agendabeijing.com/chinese-internet-speed-users-and-penetration-infographic/ http://www.zdnet.com/cn/china-mobile-blamed-for-one-country-two-prices-7000012627/ http://www.intelligenthq.com/startup/guide-to-the-startup-scene-in-london/ http://www.slideshare.net/courtneyboydmyers http://technode.com/2012/08/16/why-startups-in-hong-kong-are-different/ http://www.siliconyuan.com/blog/2013/3/1/the-top-3-reasons-im-investing-in-hong-kong-startups http://www.forbes.com/sites/karstenstrauss/2013/03/20/the-worlds-top-4-tech-capitals-to-watch-after-silicon-valley-and-new-york/2/ http://thenextweb.com/insider/2011/08/17/the-5-coolest-coworking-spaces-in-new-york-city/ http://blogs.wsj.com/metropolis/2013/03/12/new-york-startups-doubled-in-two-decades/ http://english.people.com.cn/90001/90778/90860/7443172.html http://www2.creditsafeuk.com/?id=4558 http://www.guardian.co.uk/technology/datablog/2012/apr/16/internet-censorship-country-list http://www.bpf.org.hk/data/uploads/93a07fca89a0c5d46df287ce89d8a3e5/editor/file/110411161812816080r99kue.pdf http://data.worldbank.org/indicator/BX.KLT.DINV.WD.GD.ZS http://www.time.com/time/specials/2007/article/0,28804,1630244_1630240_1630206,00.html http://mobithinking.com/mobile-marketing-tools/latest-mobile-stats/a#subscribers http://www.bloomberg.com/news/2011-12-08/chinese-companies-tired-of-wall-street-shift-to-hong-kong-listings-tech.html http://www.nytimes.com/2010/03/23/technology/23google.html http://www.gov.hk/en/about/abouthk/factsheets/docs/tourism.pdf http://corporate.visa.com/_media/visa-tourism-outlook-hk-Ir.pdf http://uk.reuters.com/business/business-travel/hong-kong?view=info CC не BY ND HotelClub

Is Hong Kong The New Tech Hub of China?

shared by MonkeyTraveller65 on Jul 29
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Over a decade before the internet bubble burst the West often looked to China as the goal of any leading internet company. Companies in Hong Kong would then go out of their way to associate themselves...

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