12 Hong Kong E-Commerce Startups You Should Know

hkecomm

With its low internet censorship and peak broadband speeds, Hong Kong’s has a highly developed infrastructure for eCommerce startups. Combine that with a population obsessed with shopping, convenience and mobile phones and you’ve got the perfect breeding ground for an online shopping platform.

With online shopping in Asia to reach US$525.5 billion this year and every $10 spent online in Asia coming from China – you can see why eCommerce is still such a hot vertical to be in for startups.

So we’ve compiled a list of 10 eCommerce startups that are currently making their mark in Hong Kong. This will serve as a working list so if you think there’s a great eCommerce startup we should know – send over a nomination to us here.

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Constant Tedder’s The Hive Expands Co-Workspace Empire Into Kennedy Town

Hive1
Yet another co-working space has arrived in Hong Kong. This time it’s a Kennedy Town version of Wan Chai’s
The Hive.

Just two years ago, founder Constant Tedder opened up The Hive’s doors to create a productive community for creative freelancers, photographers and startups. Building upon the success of their stylish, five-floored first location, they’re ready to take on the trendy and up-and-coming Kennedy Town neighbourhood.

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What’s New At NEST: CEO and Angel Investor Simon Squibb Gives Us a Full Update

Simon Squibb

NEST, Hong Kong’s people-focused investment incubator, is a local driving force in developing Hong Kong as a global hub. With a track record in developing consumer lifestyle businesses, NEST takes a hands-on approach with young companies in their seed and start-up phases.

We spoke to CEO Simon Squibb, and he said that NEST has invested HK $30 million into startups, and plan on following suite this year. “We’re following the Y Combinator model from the US and offering capital and support to Hong Kong-based founders and startups,” he said. “We will co-invest with others and expect to push over HK $100 million into the Hong Kong startup scene over the next 18-24 months.”

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