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Challenges Hong Kong startups face and how to tackle them.

You've heard it all before - Hong Kong is Asia's financial hub, it has strong ties to the manufacturing powerhouse of mainland China; SMEs can also take advantage of the low cost and readily available internet and technology - but what challenges do startups in Hong Kong really face?

WHub has teamed up with Xero to bring you a white paper on all the main challenges startups in Hong Kong face and actionable steps in how to tackle them. Discover more here.

Download this E-book

for Free now!

 

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Introduction

With Hong Kong’s cultural and financial links around the world, and its ties to the manufacturing powerhouse of mainland China, there is ample opportunity for SMEs to expand and prosper. Small and medium-sized enterprises (SMEs) form the backbone of Hong Kong’s economy. There were approximately 340,000 SMEs in Hong Kong in 2018, (of which 2800+ were startups) and these ventures by SMEs represent more than 98 percent of the city’s businesses. As Hong Kong's biggest community builder, WHub understands the common pain points SMEs face and with over 6 years of experience in the field, we have the best solutions to offer you.

More than 20 pages of insights

Whether you’re starting from scratch, upgrading the family business or developing new technology, adapting changes and solving problems are imperative when it comes to running a business. Modern technologies have made it easier for SMEs. There’s quite a bit involved, but with online accounting software like Xero, it’s easy to keep your finances up to date and produce up-to-the moment statements and reports whenever you need them.

To start your free trial head to www.xero.com/hk

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Rachel Cho

Rachael Cho

"WHub knows the HK startup ecosystem like the back of their hand. They have cultivated an incredibly strong community of entrepreneurs with a goal of educating and connecting the whole HK startup ecosystem. It has been an absolute pleasure working with the WHub team who are passionate, quick thinkers and not afraid to challenge the status quo. They've played a large part in helping Xero understand the startup world and we look forward to doing more together in 2020 and beyond."

Josephine Chan

Josephine Chan

"Our startups in Hong Kong have it easy with Xero's accounting software, it alleviates the hassle of paperwork and saves time, making business simple and convenient. We use it at WHub and we are especially impressed by the help Xero provides us in eliminating the manual process involved in prepared finalized accounts. Our community puts complete trust in Xero when doing business. 2020 is a year of new and exciting collaborations, watch this space!"

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Before you go...

If you want to contribute or be featured in HK Startup Ecosystem 2020, let us know at hello@whub.io