China has been at the forefront of the internet economy in recent years. Many tend to compare Hong Kong with its neighbor Shenzhen. Some believe the two cities are competing with each other, while others said the two can complement each other for a win-win situation.
The number of startups has surged over the past seven years in Hong Kong and Shenzhen, and both cities have the world’s leading entrepreneurship ecosystems, according to The Global Entrepreneurship Monitor 2016/17: Hong Kong & Shenzhen report.
Shenzhen leads in terms of early-stage entrepreneurship rates and the number of people involved in startup business.