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Unlocking the Secrets Behind Hong Kong’s 18 Unicorns: Insights from Cindy Chow, Executive Director of Alibaba Entrepreneurs Fund

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💡Have you ever wondered why Hong Kong could create 18 unicorns (3 were already listed) in the last 8 years? Grateful to have an opportunity to discuss with Cindy Chow, one of elite and pioneering leaders in the Hong Kong startups ecosystem, on this topic in our 🎬🎙#RTHK New Management Thinking programme #管理新思維. Cindy is the Executive Director of the globally-known #AEF Alibaba Entrepreneurs Fund. Really appreciate and heartfelt thank to Cindy for her insights and inspiring sharing.

AEF has invested and nurtured more than 60 startups since founded in 2015. 5 of those companies were either unicorns (#Airwallex, #AnimocaBrands, #WeLab) or listed companies (#GOGOX, #Prenetics). Impressive and what a miracle that we had here in Hong Kong! However, we only had less than 0.5% of over 4,000 startups made this list. How can startups learn from the best and enhance their chance of success? I have discussed this theme with Cindy in our programme.

We looked at a few key things in specific.

1. What are the critical success factors and characteristics of the unicorns?

2. What has AEF done to nurture these unicorns?

3. How can we encourage and nurture more young people especially female students to participate in tech entrepreneurship journey?

4. How can we empower our startups to capture the opportunities in #GBA? How can Hong Kong play a pivotal role to empower GBA startups to expand to ASEAN and global market?

5. How do we pick the right startups to invest on? What new direction or types of startups that AEF is looking at? How do we attract the best startups to be our investment portfolio?

If you would like to learn more about all these questions from my discussion with Cindy, please tune in #RTHK1 radio this Sunday Jun 18 from 2pm to 4pm. Stay tuned and don’t miss it. https://lnkd.in/f-X8RaN

Yes, it is on the Father’s Day. Our gift for all fathers and all your beloved. Wish you all have a wonderful and warm Father’s Day. Cheers.

Remarks: If you cannot make it, I will post the link here for you to replay the recording later. Check this post again Sunday night and onwards.

As promised, here is the link for the replay. Enjoy!
https://lnkd.in/gYddhHHW
https://lnkd.in/gFgthySQ

#Startups #Unicorn #Entrepreneurship #Innovation #Technology #TechInvestment #TechInvestor #VC #VentureCapital #WomenInTech #Alibaba #FathersDay
CUHK EMBA CUHK Business School #CUHKEMBA

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Latest Events

(Hong Kong) CPA Australia Asia-Pacific Small Business Survey 2020-2021

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#CPAAustralia has released their annual survey “CPA Australia Asia-Pacific Small Business Survey 2020-2021”. It covers 11 economies in the APAC including Hong Kong.

Thanks for Janssen Chan FCPA (Aust.) & my #CUHKMBA student Carmen Pan to invite Ryan Fung from #PAOB & I to join a forum to discuss about technology adoption & applications in HK based on the survey. Close to 500 participants joined the online forum.

Hong Kong SMEs are behind some Asia’s economy in terms of #eCommerce, #SocialMedia and #Innovation. However, those in HK who used #technology in their business & operation have seen significant growth even under the #Covid19.

Apart on leveraging government funding & support on #SME #Digitalization, SME management should not be afraid of technology & think it is a big investment. In today’s digital world, tools are easier to use & learn and it is affordable. More importantly, it is a mindset change & how we adopt changes.

Technology is a new way to solve customer pain points. Knowing & keeping update on what’s available opening up different ways to solve these problems. Good use of technologies can in fact empower SMEs to beat the big guys with rich supply of traditional asset as proven by the #unicorn.

#CPA Australia survey here
https://lnkd.in/g-8AHFR

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Activities

Hong Kong FinTech Startups Shine in 2020 Asian Financial Forum (AFF)

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AFF2020 AsianFinancialForum in Hong Kong was powered by lots of FinTech this year. Recalled that AFF had not much on FinTech 4 years ago. Our Cyberport team working with HKTDC made this happened. We are so grateful that FinTech is now a core part of the AFF every year.

More importantly, a number of FinTech startups started 4 years ago & now they became key players in the financial services industry. Covergo  Wesurance  InsurTech Farseer FinancialIntelligence Transwap Remittance HeyCoins DigitalCash EarthChannel RegTech DigitalTransaction Blockchain PolyDigi CyberSecurity IxFinTech WealthTech NexChange Platform Gini Neat GekkoLab & more.  Keep it up teams Tomas Holub Stanley King Lun Chan Benjamin Wong Eddie RONG Adam Lau Wai Kong Wong Ian Huang Curtis Chan Irene OL Wong (黃愛玲) Juwan Lee Natalie Fong & more.

Thanks for Cyberport Chairman Dr. George Lam, CEO Peter Yan FinTech Head Charles Lam have been giving lots of support to the FinTech ecosystem in HK. From >50 FinTech startups 4 years ago, Cyberport has nearly 400 now & a few more hundreds around in HK. A few are Unicorns already such as WeLab TNG. Thanks to InvestHK King Leung, HKMA Nelson Chow, HKSTP George Tee, DIT Ivan Yip & more.

More can be found here https://lnkd.in/ffPv7cg

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