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Q3 2023: Hong Kong

July, August & September 2023

Hong Kong’s tech news headlines in 2023’s third quarter captured items including: concerns over Hong Kong’s bid to become a global Web3, and crypto, hub; cross-border data transmission between HK and the mainland’s Greater Bay Area tech zone; a Hong Kong court’s rejection of a government bid to censor all online forms of ‘Glory to Hong Kong’ anthem; and more.

For our other editions, you should take a look at Asia’s tech news, daily, delivered via social media channels, and our Indo-Pacific tech newsletters for a weekly update on the region’s tech news.

Hit the links below for each month’s headlines, or scroll down for an all-in-one update on Hong Kong’s tech news in 2023’s 3rd quarter:

September 2023  |  August 2023  |  July 2023

e-Conomy Southeast Asia 2023 report

e-Conomy Southeast Asia 2023 report – Google, Temasek, Bain and Co

September 2023

“…given China and the US are Hong Kong’s main sources of economic and financial backing, it remains to be seen if HK’s web3 push is a bold move…or a policy out of step with the times

Whether transparent regulations will be enough to create a dynamic new sector of the economy is less clear. A Hong Kong–based employee at an established cryptocurrency company who spoke to The China Project on the condition of anonymity is pessimistic on the prospects of the industry in the city. “Lots of people ask if they should join the industry. My answer is no.”

  • Hong Kong: Fraud investigation now underway against JPEX crypto trading platform with claims of $166M in losses and case likely to test new regulations
  • Hong Kong: StartMeUpHK Festival 2023 set for November 8-17, touching on topics including Web3, health-tech, sustainability and more
  • Hong Kong: SUNeVision data center operator launches Startup Programme, with applications open to December 31st, aiming to select 10 candidates for the inaugural cohort

“SUNeVision Startup Programme is designed to support startups in Hong Kong and those looking to expand in Hong Kong to accelerate innovations and scale up, while connecting the companies to the mission-critical technology partners on the industry-leading ecosystem.”

Indo-Pacific Semiconductor Supply Chains

CSIS: Semiconductor Supply Chains & Indo-Pacific Economic Framework

August 2023

KPMG Venture Pulse Asia Q2 2023

KPMG Venture Pulse Q2 2023 Report – Asia findings

July 2023

“The Sandbox has had a number of big brands launch experiences and virtual worlds within its metaverse, including Adidas, Atari, Gucci and many others. I have personally found The Sandbox much easier to navigate and generally more fun than its rival Decentraland, which has struggled with maintaining a robust number of daily active users.”

“That said, would I visit The Sandbox if my job wasn’t to cover Web3? Probably not.”

“Cryptocurrency transactions are illegal on the mainland, where Beijing has also banned overseas exchanges…But in Hong Kong, crypto trading is legal and the city is seeking to become a digital assets trading hub.”

SharePass communications security

SharePass: Online digital security solution

Indo-Pacific TECH news

All-day tech news updates from across the broad – and increasingly strategically and technologically important – Indo-Pacific region, and across South and Southeast Asia:

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WEF - Space Applications in Agriculture

World Economic Forum: Space Applications in Agriculture

Indo-Pacific TECH newsletter

Our weekly e-newsletters go out via Substack and LinkedIn, giving a one-glance grasp of the week’s technology news from the Indo-Pacific and South & Southeast Asia.

Critical tech quarterly, Q2 2024

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