Deloitte released an awards list for Hong Kong’s fast-growing technology companies which had revenue growth rates of more than 200 percent in the last three years.
Companies that received awards included AsiaTop Loyalty Ltd, Chain Technology Development Co Ltd, and Kin Shun Information Technology (Hong Kong) Limited (Zeek).
Companies that received awards included AsiaTop Loyalty Ltd, Chain Technology Development Co Ltd, and Kin Shun Information Technology (Hong Kong) Limited (Zeek)
The winners were selected among those companies headquartered in Hong Kong with three years of business operations and an operation revenue of more than HK$1.2 million ($154,000) in the first year of the three-year evaluation period, Deloitte said.
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The internet and software sectors figured prominently in the awards program. “The two sectors are leading the technology innovation development in Hong Kong,” said Philip Law, lead partner of private equity for Deloitte China’s southern region.
Meanwhile, Hong Kong’s technology companies are showing a rising interest to expand their business in the Guangdong-Hong Kong-Macao Greater Bay Area to tap the bigger market in the mainland, Law added.
A recent survey conducted by Deloitte showed that the Greater Bay Area acts as a launchpad for startups to expand into Chinese mainland markets and a critical platform to commercialize Hong Kong’s world-class innovations. About 33 percent of interviewed entrepreneurs have established a presence in the Greater Bay Area, and of those with a new presence, over 65 percent have expanded their respective businesses in Shenzhen.
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In addition, about 63 percent of respondents showed a strong interest in expanding to GBA cities over the next three years, while 33 percent of interviewees see the Greater Bay Area as an integrated economic and business hub with significant potential.