Hong Kong's Cyberport attracts 10 new listings and 2 unicorns, expands focus to Middle East and AI 

Hong Kong's digital tech hub Cyberport has attracted ten new listed companies and two new unicorn corporations this year, chairman Simon Chan Sai-ming announced at the Cyberport Venture Capital Forum on Thursday, highlighting the park's growing prominence as a launchpad for technology companies seeking international expansion.

The new additions include publicly traded firms Mininglamp Technology (2718), Beijing Yunji Technology (2670), and Xunfei Healthcare Technology (2506), alongside unicorns Qiangnao Technology and Inspur Cloud valued at US$1.3 billion (HK$10.14 billion) and US$2.5 billion, respectively.

Chan revealed Cyberport would expand its focus to private capital markets in the Middle East, ASEAN nations, and mainland China, capitalizing on opportunities emerging from Belt and Road Initiative countries.

The announcement comes as Hong Kong solidifies its position as the world's top fundraising destination this year with nearly 300 IPO applications. "AI is reshaping the global venture capital landscape," Chan noted, emphasizing Hong Kong's competitive edge as a trusted gateway for international companies.

The forum showcased several significant funding rounds, including KLN Logsitics (0636), Klook, Bowtie, KPay, and Hashkey Group – all leveraging AI, blockchain, and digital assets, reflecting strong market interest in AI and Web3.0 technologies.

Secretary for Innovation, Technology and Industry Sun Dong highlighted Hong Kong's strong showing in the International Institute for Management Development's latest World Competitiveness Ranking, attributing it to the city's adaptability in the rapidly evolving digital landscape.

Cyberport also unveiled several strategic initiatives, including an "AI Investment Circle" to connect promising startups with investors, a collaboration with FORMS Syntron Information HK to establish Blockchain Valley@Cyberport, and a partnership with the Education University of Hong Kong to accelerate technology research application and launch micro-credential programs.

The Cyberport Investors Network celebrated its eighth anniversary, having facilitated over HK$4.25 billion in cumulative funding – a HK$1.66 billion year-on-year increase representing threefold growth.

The two-day forum, themed "The Innovation-Venture Nexus: Igniting Transformative Success," brought together nearly 100 global venture capital experts, entrepreneurs, and industry leaders.