Tencent Founder Offers Advice on Hong Kong’s Transformation Into Global Innovation and Tech Hub

Tencent Founder Offers Advice on Hong Kong’s Transformation Into Global Innovation and Tech Hub

Luo Qi

Date: Wed, 09/13/2017 - 11:16 / Keywords: R&D, Innovation, Hong Kong, Pony Ma, Business Strategy, TENCENT
Tencent Founder Offers Advice on Hong Kong’s Transformation Into Global Innovation and Tech Hub
Tencent Founder Offers Advice on Hong Kong’s Transformation Into Global Innovation and Tech Hub

(Yicai Global) Sept. 13 -- Pony Ma, founder of Chinese internet giant Tencent Holdings Ltd. [HKG:0700], has published a white paper through Hong Kong X-Tech Startup Platform on how Hong Kong can transform itself into a hub for international innovation and technology.

The special administrative region should first bring more talent into high-tech sectors, Ma said when releasing the paper at an event held Hong Kong X-Tech, where he serves as honorary chairman. He also called on the local government to be more aggressive in implementing policies to attract such workers.

Ma’s second suggestion was to create a better environment for the sustainable development of high-tech talent and firms. If Tencent wanted to hire hundreds of engineers, it would face difficulties, he said. Hong Kong’s government could offer a policy guide to counter this, such as allowing tech firms to hire extra foreign workers if they hire locally first.

He also called on the special administrative region to leverage joint efforts with neighboring Guangdong province and Macau. Intelligent manufacturing in the Guangdong-Hong Kong-Macau Greater Bay Area and Hong Kong’s international environment for premium talents remain strong, he said.

Hong Kong should first think about how to retain local talent, including how to provide a better ecological environment for innovation and technology, said Neil Shen, partner at Sequoia Capital and Chairman of Hong Kong X-Tech. It could then bring some of the world’s best tech talent to the city, including those from mainland China.

Shen also called on Hong Kong to consider improving its traditional education system with a focus on innovation and technology.

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Keywords: R&D, Innovation, Hong Kong, Pony Ma, Business Strategy, TENCENT