Date
29 May 2017
Hong Kong saw a huge surge in startup ventures last year, says John Tsang. Photo: HKEJ
Hong Kong saw a huge surge in startup ventures last year, says John Tsang. Photo: HKEJ

Hong Kong will continue to support startups, says John Tsang

Hong Kong remains one of the most popular cities in the region for creation of startups, Financial Secretary John Tsang Chun-wah said on Tuesday, stressing that the government will continue to support the establishment of new innovative enterprises. 

As of the end of last year, over 1,500 startups had been founded in the city, representing an increase of 50 percent from the level at end-2014, Tsang said at the StartmeupHK forum in the city.

Sam Gellman, head of Uber Hong Kong, was among the audience at the forum which was organized by local startup community Startmeup.hk.

Gellman refused to comment when asked which department was hosting him for an “invitation only” event at the forum, Hong Kong Economic Journal reported.

Uber’s Hong Kong website disappeared last year following a high profile crackdown by the police against unlicensed taxi services.

The crackdown came despite the Uber operation getting appraised by InvestHK, the government department responsible for the promotion of inbound foreign direct investment.

[Chinese version中文版]

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