Why Hong Kong remains attractive to tech startups, despite challenges

While the economy may have been slowing in the past few months, a number of schemes have continued to provide support for startups seeking new opportunities. — SCMP

Hong Kong’s businesses are facing a challenging time. The long-running US-China trade war, as well as the months-long street protests, have plunged Hong Kong into a technical recession, with the city’s gross domestic product (GDP) contracting 3.2% in the third quarter, compared with the second quarter.

The slowing business landscape has also created a more challenging environment for startups seeking opportunities in Hong Kong.