
HONG KONG It is just before the Christmas holidays and Neil Shen, founder of Sequoia Capital's China unit, has arrived in Hong Kong's former industrial heartland of Kowloon, a relatively low-rent district that is becoming a trendy home for everything from struggling dot-coms to a new Citigroup office tower.
Among the new tenants in one nondescript industrial building is Hong Kong X-Tech Startup Platform, which Shen created earlier in 2016 to kick-start innovation in the city, partnering with a group of Hong Kong-based professors and the heads of its top three universities.