HK entrepreneurs chasing dreams in Qianhai

Source : Qianhai Media Center

Qianhai has become a popular destination to start a business for an increasing number of Hong Kong youngsters. Chan Seng and Kuo Wai-keung are among those dream chasers.

Chan, CEO of Ekstech at Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub (E-hub), is one of the first Hong Kong entrepreneurs to settle in Qianhai.

Chan founded a company in Hong Kong in 2012, which focused on human resources consulting and education. The rise of the Internet tide and the news of General Secretary Xi Jinping’s inspection of Qianhai inspired him to relocate his company here.

“Many people in Qianhai were doing cross-border e-commerce business but found it hard to find overseas goods sources, which is precisely the advantage of Hong Kong. Therefore, we set up an e-commerce platform to help customers find overseas goods sources," said Chan. After six months of operation, the platform had established direct connections with 212 large-scale international suppliers, completed 8,124 cross-border transactions and indirectly incubated over 140 cross-border e-commerce companies. The platform’s maximum transaction volume in a single month exceeded US$34.5 million. During its first year, Chan’s company obtained 50 million yuan (US$7.13 million) in financing.

Chan’s successful entrepreneurship experience has also aroused the curiosity of his Hong Kong peers, and several Hong Kong universities have invited him to exchange his entrepreneurial experiences with their students. "Hong Kong youngsters have felt the strong support provided by the mainland. For example, the E-hub provides us with free office space and holds seminars regularly to hear the needs of Hong Kong youths," Chan said.

In order to help Hong Kong youths overcome difficulties adapting to the mainland environment, Chan assisted with the establishment of the Young Professionals Alliance Space and served as the operation director to introduce Hong Kong entrepreneurial teams to Qianhai. At present, more than 200 Hong Kong entrepreneurial teams have been introduced to the innovation and entrepreneurship bases in the Qianhai free trade area and Nanshan and Guangming Districts. Chan also participated in the formulation of the entrepreneurship park’s rules and supportive policies.

Kuo, another Hong Kong entrepreneur who settled at the E-hub in 2016, co-founded the company R-Guardian. Initially, the entrepreneurial team only had two members.

“R-Guardian is a smart personal belongings solution provider, and the industry chain and auxiliary facilities are very complete in Shenzhen,” Kuo said, adding that the company has benefited from the complementary industrial advantages between Shenzhen and Hong Kong and has built two core bases in the two cities. Its Hong Kong company is responsible for the promotion of advanced research and international branding, while the Qianhai company focuses on software and hardware procurement, production management and financing.

Kuo’s team also enjoys the supportive policies in Qianhai regarding free office space, corporate and individual tax reductions and low-rent housing, which has enabled the team to develop rapidly. The company had completed two rounds of financing in two years, and the project was valued at more than 100 million yuan.

In the past year, R-Guardian has upgraded from a service provider to a self-owned brand. After the products went online on Taobao and Tmall, they were soon ranked No.1 in the smart luggage category and remained at the ranking for several consecutive months. “We currently have 12 patents and it is expected that the number of orders will increase by a factor of three this year,” Kuo said.

The introduction of “The Development Plan for Guangdong-Hong Kong-Macao Greater Bay Area” spurred Kuo to expand the company’s strategic layout. Kuo said that the company has expanded from Shenzhen and Hong Kong to other cities in the Greater Bay Area.

"I hope that I can become a role model for more Hong Kong youngsters to see the golden opportunities on the mainland. By taking advantage of the ‘one country, two systems’ policy and the construction of a pilot demonstration area of socialism with Chinese characteristics, entrepreneurs will have a great opportunity to realize their dreams,” said Kuo.

At present, 399 startups have been incubated in the E-hub, half of which are from Hong Kong, receiving a total investment of more than 1.5 billion yuan (US$211.5 million).

2019-11-06 10:16:00