Hong Kong is often described as one of Asia’s most dynamic startup ecosystems, with close to 3,000 start-ups launched. Start-ups in Hong Kong have access to various sources of funding and accelerators. The landscape for entrepreneurs and investors has been robust and ideal for those looking to launch businesses.
Shenzhen’s population has exploded from 1 million people, 30 years ago to 12 million people today. It is a special economic zone backed by driven by a fast growth mentality, easy access to manufacturing hubs and funding from government agencies. More than 90% of the population are not originally from the area. Many professionals in the Shenzhen start-up scene bring with them years of experience gathered from working with tech giants in other parts of China.
Shanghai has an impressive mix of global corporate innovation, startup co-working and investment hubs. Shanghai has quickly become a centre for technology and greater financial services. By 2020, the Chinese government aims for Shanghai to become an International Financial Center. This has led to various supports for businesses, including tech companies and start-ups.
Beijing has a population of 22 million people. It is the capital city of China. In the technology space, Beijing is known as the hub for research and technical development. Top universities in the city attract, train and prepare young talent for various industry clusters. Among Beijing’s yearly 200,000 university graduates, many enter the startup scene, making the city a leading innovation centre.