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The recent announcement by Invest Hong Kong (InvestHK) regarding the establishment of an international headquarters, research and development (R&D) centre, and corporate treasury centre in Hong Kong marks a significant milestone in the city’s journey toward becoming a global tech hub. This decision underscores Hong Kong’s appeal as a preferred destination for advanced technology companies seeking to expand their global footprint and capitalise on the city’s strategic advantages and vibrant business ecosystem.
The company, which specialises in autonomous driving technology, recognises Hong Kong’s strategic location, robust business environment, and strong global connectivity as key factors driving its decision to establish its international presence in the city. With a solid foundation established in Hong Kong, the company aims to leverage the city’s central location and dynamic ecosystem to propel its growth trajectory on the global stage.
Ms Alpha Lau, Director-General of Investment Promotion at InvestHK, praised the success of the company and highlighted Hong Kong’s role as an ideal platform for advanced technology firms to build their international presence and secure funding for sustained growth. The decision to establish key operations in Hong Kong reflects the city’s status as a leading global financial centre and technology hub, offering companies access to capital, talent, and markets.
The company’s journey in Hong Kong began in 2018, and since then, it has made significant strides in the autonomous driving sector, particularly with its groundbreaking projects in the region. By collaborating with local partners and leveraging Hong Kong’s strengths, the company has successfully implemented driverless solutions in various industries, including transportation, logistics, and aviation.
One of the company’s flagship projects involves the deployment of driverless vehicles at Hong Kong International Airport (HKIA). Since securing a contract with HKIA in 2019, the company has deployed more than 50 driverless vehicles at the airport, including autonomous baggage tractors, patrol cars, and shuttle buses. These solutions have not only improved operational efficiency at the airport but also addressed challenges such as labour shortages and cost concerns.
The Co-Founder, Chairman, and CEO of the company, emphasised Hong Kong’s strategic significance for the company’s global expansion plans. He highlighted the city’s strategic location, robust business network, and connectivity as key factors driving the decision to establish key operations in Hong Kong. With a proven track record of success in the region, the company is now poised to expand its presence to other regions, including Singapore, the Middle East, and Europe.
The company’s expansion strategy aligns with its vision of combining global expertise with local insights to develop innovative solutions that address the needs of diverse markets. By leveraging Hong Kong’s strengths as a global financial centre and technology hub, the company aims to accelerate its growth and explore new market opportunities.
InvestHK and the Office for Attracting Strategic Enterprises are actively supporting the company in establishing its first overseas R&D centre in Hong Kong. This collaboration reflects the city’s commitment to fostering innovation and attracting leading technology companies to its shores. By facilitating the company’s expansion and introducing new business opportunities, Hong Kong aims to strengthen its position as a premier destination for tech innovation and investment.
The decision to establish key operations in Hong Kong underscores the city’s growing appeal as a global tech hub. With its strategic location, vibrant business ecosystem, and strong government support, Hong Kong offers an ideal platform for technology companies to drive innovation, expand their global footprint, and contribute to the city’s thriving tech ecosystem. Through strategic partnerships and collaboration, Hong Kong is well-positioned to capitalise on the opportunities presented by the rapidly evolving technology landscape and emerge as a leading hub for tech innovation in the Asia-Pacific region.
