ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Startups

Hong Kong emerges as Asian startup hub

Up-and-coming companies in the city rise 18% to more than 2,600

A simulation using QR code and facial recognition technology for border crossing is shown during a Tencent forum at Hong Kong Science Park in Hong Kong in June 2018.
A simulation using QR code and facial recognition technology for border crossing is shown during a Tencent forum at Hong Kong Science Park in Hong Kong in June 2018.   © Reuters

HONG KONG -- Hong Kong is quickly becoming a center for startups in Asia, with 2,625 such businesses operating here as of November, up 18% from 2017, government data showed.

The number of people working at startups surged about 50% over the same period to 9,548 amid generous government support geared to promoting entrepreneurship. The city's investment promotion agency compiled the data based on tenant lists from major coworking spaces and startup-incubation facilities.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more