Our partners at Whub have teamed up with the key players of the startup scene in Hong Kong and China to create the ultimate Greater Bay Area - White Paper.
The whitepaper covers the following topics:
- What exactly is the Greater Bay Area?
- What makes it so much greater?
- Who are the key players in the region?
- Understand the 11 cities in The GBA
- Soft-landing packages & methodology
- Startups in The GBA
- Incubators & accelerators
- Community builders & influencers
- Venture capital & investment opportunity
- Events and communities
The Greater Bay Area
The Greater Bay Area (GBA) is the short form for Guangdong–Hong Kong–Macau Greater Bay Area. It is not just a rebranding of the Pearl River Delta (PRD): In addition to the 9 cities in Guangdong, it incorporates for the first time the Special Administrative Regions (SARs) of Hong Kong and Macao. It integrates the cities of Guangzhou, Zhaoqing, Foshan, Huizhou, Jiangmen, Dongguan, Zhuhai, Jiangmen, Zhongshan, Shenzhen, Macau, and Hong Kong into one economic and business hub. What makes it stand out:
- Being a globally influential innovation and technology cluster
- Expediting infrastructural connectivity
- Serving as a bridgehead of the Belt and Road Initiative
- Building a competitive modern industrial system
- Quality of life, work, and travel
The GBA plan offers the convenience of providing access to major cities and commercial hubs—all within only 3 hours’ reach of each other. You can set up your company within 48 hours (in Hong Kong), hire talent from more than 80 universities and colleges, manufacture your prototype within 3 weeks and test your product in a market of more than 70 million people with diverse backgrounds. Entrepreneurs understand the benefits that this market has to offer with advantages such as low cost of living and competitive cost of doing business, as well as the potential for strong growth and high returns by providing a gateway for entering into the China or Southeast Asian Markets.
The cities of the Greater Bay Area
The following section highlights each of the 11 cities that form the GBA and compares three key metrics: Gross Domestic Product (GDP), Population and Number of Unicorns. Each triangle in our topographic rocket map refers to one of the eleven cities, those being:
- HK Hong Kong—Asia’s most prominent financial market
- SZ Shenzhen—The manufacturing nirvana
- GZ Guangzhou—Automobile and petrochemical hub
- FS Foshan—National base for advancing manufacturing
- DG Dongguan—Global manufacturing hub
- HZ Huizhou—Rich land resources and transport
- MO Macau—Entertainment and tourism center
- ZS Zhongshan—Modern service hub
- ZH Zhuhai—Electricity, energy and biopharma hub
- JM Jiangmen—Dream incubator for overseas Chinese
- ZQ Zhaoqing—Transport hub
Unicorns in the Greater Bay Area
A “unicorn” is a privately held tech company valued at $1 billion US dollars by its private investors. The term was coined in 2013 by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures. The unicorns are: Shenzhen DJI, WeBank, Meizu, UBTech, Royle, FangDD, Kuayue Express, Dadi Cinema, Lizhi, Trassion, To8To, China Securities Credit Investment, OnePlus, Coocaa, Hive Box, iDreamSky, JFZ, Lamabang, YHGlobal, Suishou Technology, Intellifusion, iCarbonX, Juanpo, Orbbec, CredEX Fintech Hong Kong Sensetime, BitMEX, WeLab, GogoVan, Lalamove, Klook, Airwallex, TNG Guangzhou Xiaopeng, Cloud Walk, WTOIT, Mobvista, Yaochufa, 360jk, Zhaosuliao Dongguan Yinlong Zhuhai Tuandai Foshan Aikosolar
To access the full report click on the pop-up at the bottom of your screen and we will send it to your email address.
This report was initially published by Whub. Greenhouse has received permission from Whub to distribute the report.