2018-04-13

Tech gurus to examine new potentials for startups in the internet economy

Hong Mengqiu

13 April 2018, Hong Kong: China Daily teamed up with the Internet Economy Summit for the first time in co-organizing a session themed “Investor Dialogue: Powering Tomorrow’s Entrepreneurial Success” to be held from 10:10 AM to 10:40 AM at the Hong Kong Convention and Exhibition Centre, Wan Chai, on April 13, 2018.

Industry pundits shared their insights on the topic and interacted with more than 300 delegates at the panel discussion. The distinguished panelists include Dr. Lee George Lam, Chairman of Cyberport; Mr. Yossi Vardi, Chairman of International Technologies; Mr. Andrew Rubin, CEO & Co-Founder of IIIumio; and Mr. Kersten Hui, Vice-Chairman of Infinity Equity Management Co Ltd.

Dr. Lee George Lam said that the most important thing is that we need to nurture the entrepreneurial spirit, and we need to help them with smart money and also all the mentoring that we bring. It is a collective effort, not just the government, but also the society at large, and the business sector.

Mr. Yossi Vardi said that we are just at the beginning. Today, with big data, you can approach the whole issue that is going to change the world. And it is just a small fraction of the very many opportunities you may take.

Mr. Andrew Rubin think very often people forget number one on the list for every company, especially when it comes to fund raising, is the ability to tell a story that if you execute well, there is a really big opportunity outside to create something in the process.

Mr. Kersten Hui said that many things are fundamentally shifted, like the new rules of listing, and in our eyes, other than fintech, there is a lot of emphasis on biotech, and these are the two areas that are really important to Hong Kong and Hong Kong has the ecosystem to nurture these areas. And we have been focusing our investment in these areas during the past year or so.

The development of the booming internet economy is driving the offline traditional economy as well. Integration of the internet economy and the traditional economy has fueled new opportunities for all sectors of the community. In recent years, through “mass entrepreneurship and innovation”, the Chinese mainland’s rapid internet development has led to the creation of a number of well-known internet products and innovative internet companies, opening the door for budding entrepreneurs and startups.

This special panel session gave early investors an insight into the latest trends in early-stage investment, the hottest technologies with the most investment potential and return on investment over the next five years, and what startups can do to attract overseas investment and to get the winning formula for fund-raising.

About China Daily Asia Leadership Roundtable
The China Daily Asia Leadership Roundtable is a by-invitation network of movers and shakers in Asia providing platforms for focused dialogue, issue investigation, and possible collective action on strategic issues relating to economic, business and social development in Asia. Our aim is to enhance communication and increase mutual understanding between China, Asian and Western countries. Roundtable events are held in major cities across Asia.

Media Contact:
Ms. Melody Hong
Tel: (852) 3465 5427
Email: melody@chinadailyhk.com

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