Greater Bay Area: Fertile Land for Young Entrepreneurs

IN the Headquarters of Hong Kong and Macao Youth Association in Tianhe District, south China’s Guangzhou, visitors see road signs like Nathan Road and Queen’s Road — all familiar names to Hong Kong residents.

-  ZHOU LIN

Budding entrepreneurs are benefiting greatly from the workplace, which comprises a total of 100 offices with several other functional zones including a studio for live streaming online influencers, a brainstorming room, a shared economy zone, and an open leisure area.

Terence Chan, founder and general manager of the entrepreneurial incubator at the headquarters, expressed his gratitude to the United Front Work Department of the Communist Party of China Tianhe District Committee, for their strong support for young entrepreneurs from Hong Kong and Macao. “Most of the space is free for users and more than half of it runs on the principle of a shared economy, so the incubator can provide better services for entrepreneurial projects,” said Chen.

One-Stop Incubators Hatching Start-ups

KINGKONG Mini Storage is one of the first businesses to operate at the headquarters. The company provides storage space varying from room size to 1.47 cubic meters. Users scan the QR code with a smartphone to open the storage space.

“Along with the surging housing prices in Guangzhou, individuals and businesses need more economical storage space. Our project provides self-help storage services,” said Felix Wong, co-founder of KINGKONG Mini Storage. After graduating from the Chinese University of Hong Kong in 2010, he decided to work on the mainland. And now, his business is booming in Guangzhou and Shenzhen.