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.
