Red Envelope: The Startup Ecosystem in Hong Kong

Hong Kong’s startup ecosystem is one of the fastest growing in
the world with over 3000 startups. It has a diverse mix of
sectors, from fintech and ecommerce to advertising, software, and
B2B, as well as a diverse mix of entrepreneurs, with 45 percent
of them identifying as female and 35 percent of founders from
overseas.


The Greater Bay Area initiative, with the goal of developing an
ecosystem to rival that in San Francisco and New York, is also
significant. With 70 million people between the regions of
Guangdong, Hong Kong, and Macau, that combined population is more
than the whole of the UK and twice that of Canada, and accounts
for 12 percent of China’s GDP.


In today's episode of Red Envelope, Theodora Lau talks to Karena
Belin, CEO and Co-Founder of WHub. They talk about the hot trends
in HK innovation ecosystem. HK has had several key headline
grabbing updates off late (pun intended).


The Faster Payments System (FPS) launched by the Hong Kong
Monetary Authority (HKMA) marks a significant milestone in
payments. AngelHub launched Hong Kong's first regulated startup
investment platform for professional investors to invest in
vetted startups from around the world. And we have seen the big
Chinese Fintechs get virtual banking licenses from the HKMA.


These and more updates from HK - Listen in!!


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