StartupsHK co-founder Casey Lau always advises new entrepreneurs to focus on one of the 3 pillars of Hong Kong – finance, property and logistics – when choosing a vertical to concentrate on, if they want to get traction and be ahead of other markets while being based in Hong Kong.
Hong Kong is the top largest air cargo hubs, and the 4th biggest container port. The port provides 70 shipping lines, over 350 container line services per week and covers more than 510 destinations around the world.
The trading and logistic sector in Hong Kong generates 28 percent of the total GDP and the sector employs 24 percent of the total Hong Kong working force.
The busy financial centre is a well-connected city with a long history for being an accessible port to entry China and other regions in South East Asia. Hong Kong’s free tax port among other government countenance have made of Hong Kong a hub for logistics startups a great place to kickoff.
The changing environment in the e-commerce and the growth of demand from consumer goods in Asia, are pushing the logistics startups to come strong and reinvent and make more efficient industry.
Here are the 5 startups that are taking advantage of the great connectivity conditions in Hong Kong and are now reinventing the scene; they are worth taking a look into them.