In Focus | Hong Kong aims to be a global tech hub, but can it hold on to its young talent?
An increasingly risk-averse culture and a lack of early-stage support may push young start-up founders to look overseas, critics warn.
Source excerpt
At just 18, Hong Kong tech enthusiasts Rexan Wong Chak-chi and Ken Mochizuki are both rushing to deliver their business ideas.
However, their choices of launch pad could not be further apart.
While Wong is eyeing Silicon Valley in the United States for better support, Mochizuki is keen to stay in the city and contribute to the local community.
Their contrasting approaches highlight Hong Kong’s advantages and challenges as it strives to become a global innovation and talent hub under China’s strategic blueprint, with artificial intelligence (AI) and research transformation listed among the priorities of the city’s first five-year plan, to be released by the government later this year.
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