Originally published on August 30, 2018 by Nanalyze.com
Nanalyze.com — Hong Kong has a very special place in our hearts. It’s the safest place on the planet, with beautiful local people who are shy and endearing, who harbor a fondness for taking pictures of their food, who believe in ghosts, who despise “those uncouth mainlanders”, and who invent some strange cartoon characters – like McDull the pig and his friend Excreman that’s literally a turd that crawled out of the toilet. If you’re someone who noticeably speaks English, don’t expect the Hong Kong police to ticket you for jaywalking. They’re too shy about their English to approach you. Of course, these are the same people who won’t hesitate to tell you that you look fat when you return from holiday. Hong Kong has a fascinating culture, and it’s also a regional center for finance and commerce since the mid 1800s.
With an income tax rate that barely exceeds 10%, Hong Kong is a great place to work and do business, being consistently ranked as number one in the world market for economic freedom since 1995. While mainland China is becoming a world leader in AI startup development, major corporations looking for new innovators are setting their sights on Hong Kong. Alibaba and SenseTime, the second most funded AI startup in the world, partnered this past May to launch an AI innovation lab in Hong Kong with the aim of supporting startups in the fields of AI, biotech, and fintech. In this article, we’re going to look at Hong Kong’s top ten most funded AI startups based on some Crunchbase queries our research team performed. This is where things start to get a bit tricky.