5 Hong Kong Logistics Startups to Keep an Eye On in 2017

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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.

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We Are HK Founders: Tommaso Tamburnotti of Easyship

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Tommaso Tamburnotti is one of the Easyship’s cofounders. Tech in Asia awarded Easyship as the best startup in Asia last year. Founded in 2014 in Hong Kong, Easyship was part of the first batch Swire properties’ accelerator, blueprint. It has now reached 110 countries, the logistic startup aims to facilitated shipping to its customers around the world.
Tommaso was born and raised in Italy and he attended Bocconi University in Milan. He worked in investment banking at Nomura in London for a year after graduating and then joined Rocket Internet where he worked as a director for marketplace in Lazada Malaysia and the regional director in Hong Kong. After two years at Lazada his next move was to start Easyship.

 

In your own words what does your startup do?

Easyship removes the pain of shipping internationally from eCommerce sellers.

 

Why did you create your startup?

 

When I was working at Lazada, my job was to help companies in Hong Kong and China expand their sales abroad. The main obstacle for them was the logistics. Shipping is not easy and shipping internationally is even more complicated. You need to know which shipping company to choose from the over 500 that exist, compute taxes and import duties, and know which documents you need and how to fill them in. It can be overwhelming. At Lazada, we were providing support and teaching merchants how to do this, but there were still millions of eCommerce sellers out there not receiving any help. So, together with my co-founder Augustin Ceyrac, we decided to start Easyship. Our idea was to build a platform that could be used by any eCommerce seller looking to expand their business overseas and wanting to save money and time on international shipping.
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‘Cornerstone Connect’ Helps Startups with Integrated Back Office to Make Startup Life Easier

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Our friends at Cornerstone are launching a suite of tools to help manage the back office of your startup called Cornerstone Connect. This will allow you more time to grow and build your startup and not worry so much about accounting, inventory control, web design, fulfilment and other back office management.

Founder Adrian Lai is kicking off this new product with his partners on September 14th at Garage Society – register here for a way to learn more about it and to get special launch discounts.

We sat down with Adrian to learn more about the product:

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