Date
17 October 2017
The huge amount of data created in China could help the country take a lead in artificial intelligence. Photo: dailygalaxy.com
The huge amount of data created in China could help the country take a lead in artificial intelligence. Photo: dailygalaxy.com

Why young Hongkongers should invest in Chinese tech giants

I’m taking a short trip to Taiwan in the next few days, and learning about this, my friend eagerly recommended some must-go-to restaurants on the island.

My friend is a typical young Hongkonger, who has bought his own flat with the support of his parents. He has a stable job and is a strong believer in living in the present.

He has been traveling to Japan, Taiwan, Thailand and South Korea over and over again, but I don’t think he realizes that the world is changing so fast.

Take China for example. The country’s rapid advance in new economy industries is seen as posing a big threat to other global powers, according to a recent article in The Economist.

But many young Hongkongers simply fail to notice China’s strength in the tech sector, and instead keep worrying about the lack of democracy there.

I think most of these youngsters have never traveled across the border, not even to nearby Shenzhen, and are therefore losing touch with reality.

Young people should get rid of their biases and spend more time and effort in studying China’s internet giants, for example. It’s not too late to do so.

China produces far more data than the United States on a daily basis and Chinese firms have been collecting such data in an efficient manner, giving the country a great edge in artificial intelligence, for example.

Here is my suggestion for Hong Kong’s young professionals: Skip your travel plans for one year and use the money to invest in China’s top three internet companies, which could turn in to a small fortune over time.

This article appeared in the Hong Kong Economic Journal on Sept. 26

Translation by Julie Zhu

[Chinese version 中文版]

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RT/CG

Director, Asset Management at Ample Capital Limited.

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