Media OutReach
First Public-Private Partnership for I&T in Hong Kong: HKSTP to Co-Invest in Tech Ventures and Drive Global Success
HKSTP celebrates the launch of the HKSTP Co-Acceleration Programme and revealing four partners who will be the first batch of strategic partners in this groundbreaking Partnership
HONG KONG SAR – Media OutReach Newswire – 8 April 2025 – Hong Kong Science and Technology Parks Corporation (HKSTP) officially launched the HKSTP Co-Acceleration Programme, Hong Kong’s first-ever Public-Private Partnership (PPP) in innovation and technology (I&T), a private fund (the ‘Fund’) that is managed by a Hong Kong statutory body, a HKSTP subsidiary which is licensed with the Securities and Futures Commission (SFC) to act as an Investment Manager of a Hong Kong Limited Partnership Fund (HKLPF).
Focusing on three high-demand global sectors — Generative AI, Intelligent Connected Systems, and Sustainability—the Fund sets off on a mission to co-invest with visionary partners in high-potential acceleration-stage startups from Hong Kong, enabling them to scale into global leaders and unicorns. This milestone further cements HKSTP’s position as a leading I&T powerhouse, accelerating innovation and driving global impact.
Mr Paul Chan, Financial Secretary of HKSAR Government officiated the launch ceremony and said, “Innovation and technology are a key pillar of Hong Kong’s future prosperity. We recognise the unique value of public-private partnerships in driving innovation. The HKSTP’s Acceleration Fund aligns with our vision. By partnering with industry leaders to co-invest in high-potential start-ups, particularly in generative AI, intelligent connected systems and sustainability, the Fund amplifies our collective capacity to turn innovation into impact.”
Uniting Industry Leaders to Invest in Startups and Power Innovation
The first batch of four investing firms and enterprise partners were revealed at the partnership signing ceremony, including Cathay Technologies, Fook Man Development Company Limited, Hangzhou Industrial Investment Group, and Zhejiang Communication Investment Group. Representatives from these four parties signed the strategic partnership agreements with Mr Albert Wong, CEO of HKSTP. The signing ceremony was witnessed by Mr Paul Chan and Dr Sunny Chai, Chairman of HKSTP. These leaders will bring in industry insights, funding opportunities, and localisation expertise to bridge public missions with private-sector returns. In addition, over 100 startups from the mainland China will be referred to the HKSTP’s thriving ecosystem, providing them opportunities for global expansion and at the same time, enabling local startups to tap into the mainland market.
Dr Sunny Chai, Chairman of HKSTP, said: “The fund for the HKSTP Co-Acceleration Programme is a game-changing milestone in Hong Kong’s I&T landscape, and we are excited to welcome our new strategic partners. By bringing these significant partners into our ecosystem, HKSTP is expanding its influence by blending capital, business expertise, and global market access. This public-private fund will propel Hong Kong’s most promising innovators onto the global stage, driving breakthroughs across key industries and reinforcing our city’s status as an international leading I&T hub.”
Cathay Director Digital and IT Mr Lawrence Fong said: “We’re thrilled to collaborate with HKSTP on this landmark fund designed to empower budding start-ups in Hong Kong and the rest of the Greater Bay Area. I believe that this partnership will cultivate a vibrant innovation & technology ecosystem in the region, bringing leading technologists, entrepreneurs, and corporate partners together, further enhancing Cathay’s digital leadership. Our strategic partnership with HKSTP also underscores Cathay’s continued support for the Hong Kong SAR Government in advancing technological innovation to spur our city’s economic growth and development”
Mr Wencheng Tang, Executive Director, Fook Man Development Company Limited, said: “We are honoured to join the ‘HKSTP Co-Acceleration Programme’. Through this collaboration, we aim to forge a long-term partnership and jointly advance the growth of the I&T industry across the Greater Bay Area. As a subsidiary of Dongguan Communications Investment Group, Fook Man Development hopes to leverage this opportunity to strengthen exchanges between Dongguan and the HKSAR, provide more opportunities and resources for HKSAR partners seeking support for development in the mainland, and inject stronger momentum into our industrial upgrading.”
Mr Li Qiu, Investment and Operation Director, Hangzhou Innovation Incubation Center (Hong Kong) Limited, said: “Last year, the Hangzhou Innovation Incubation Center became the first mainland city-level technology incubation center to land in Hong Kong Science Park, providing venue support and resource-matching services for Hangzhou-based I&T companies expanding into Hong Kong and overseas projects setting up in the city. To date, we have connected with over 50 prospective enterprises and are actively building a government-academia-industry resource synergy network. We will proactively engage with Hong Kong’s diverse funding initiatives to empower I&T development and contribute to establishing a Hangzhou-Hong Kong collaborative I&T innovation hub.”
Mr Dehua Wang, General Manager, Zhejiang Communications Investment Group (HK) Company Limited, said: “The Group is committed to leveraging technological innovation as the core engine driving the upgrade and transformation of enterprises, utilising HKSTP’s globalised I&T resources and its integrated incubation and acceleration ecosystem. We focus on identifying high-growth tech companies with strong alignment to industries such as transportation infrastructure, smart construction, new energy, new materials and low-altitude economy. Through our ‘fund investment plus empowering industry’ model, we provide funding, application scenarios, and operational support to enable outstanding Hong Kong projects to establish a foothold in Zhejiang Province and expand nationwide”
Unveiling the “ARENA” to Drive Deals and Collaboration
On the sidelines of the event, HKSTP unveiled the new “ARENA”, a top-notch platform showcasing 23 cherry-picked startups. Designed as a permanent, high-visibility platform for startups, it provides direct access to over 1,000 investors and corporate partners within HKSTP’s ecosystem. The ARENA is segmented into five key zones: Artificial Intelligence, Digital Transformation, Sustainable Materials & Technology, Advanced Electronics & Robotics, and Life & Health. It is the place where pivotal collaborations and investment deals happen, empowering HKSTP startups to transform ideas into real business ventures and scale up.
Disclaimer
The Fund has not been authorized by the SFC under section 104 of the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong (the “SFO”). The information in this document is solely for informational and discussion purposes only. Nothing in this document shall constitute, or be construed as constituting, any of the following:
- Investment, legal, financial, accounting, tax or other advice;
- An advertisement, offer, solicitation, invitation or recommendation to sell or purchase any securities in Hong Kong or elsewhere;
- An arrangement of securities, stocks or any financial instruments in Hong Kong or elsewhere;
- An offer to provide any investment or financial services in Hong Kong or elsewhere; or
- A direct or indirect provision of investment management services to you by HKSTP Co Acceleration Management Limited.
Nothing in this document shall be construed as (i) Hong Kong Science and Technology Parks Corporation (or any of its subsidiaries except for HKSTP Co Acceleration Management Limited), or any of the event speakers mentioned in this document, having a license or being authorized to carry out any regulated activity(ies) or regulated function(s) in Hong Kong; or (ii) Hong Kong Science and Technology Parks Corporation (or any of its subsidiaries except for HKSTP Co Acceleration Management Limited), or any of the event speakers mentioned in this document, holding itself/himself out as being licensed or authorized to perform any regulated activity(ies) or regulated function(s).
Nothing in this document shall be construed as (i) HKSTP Co Acceleration Management Limited having a license or being authorized to carry out any regulated activity(ies) or regulated function(s) in Hong Kong that it is not licensed or authorized to perform under the SFO; or (ii) a HKSTP Co Acceleration Management Limited holding itself out as being licensed or authorized to perform any regulated activity(ies) or regulated function(s) for which it is not so licensed or authorized in Hong Kong to perform under the SFO.
Hashtag: #HKSTP
The issuer is solely responsible for the content of this announcement.
Strategic Selection: A Global Education Hub
For students planning to study abroad, choosing a university often means balancing academic reputation with a curriculum that aligns with current industry needs and global trends. Hong Kong’s blend of Eastern and Western cultures, strong academic institutions, and global career pathways makes it a natural draw. Through CUHK’s Scholarship Nomination Programme for Vietnamese students, Dat identified a programme that stood apart. “CUHK quickly became my top and only choice because of its strong reputation, supportive community, and the unique major I was passionate about,” he shared.
Bridging Technical Rigour and Holistic Education
Since joining the Faculty of Engineering, Dat’s academic experience reflects a broader transformation in engineering education. The SEEM curriculum continuously challenges students to think critically and solve complex operational problems. Its unique blend of engineering principles and economic theory equips students to tackle real-world business challenges. Dat has especially valued courses that combine quantitative problem-solving with practical business applications.
Beyond his major, CUHK’s University General Education courses has allowed Dat to explore interdisciplinary fields beyond engineering, reinforcing a holistic perspective that is increasingly valued by global employers.
A Vibrant Campus Environment and Cross-Cultural Connection
Outside the lecture hall, Dat has built a rich university life. He participates in cultural exchange workshops, joins language exchanges with international students, volunteers at campus events, and explores Hong Kong through hiking trips.
One memory stands out in particular: celebrating the Mid-Autumn Festival on campus with close Vietnamese friends. “Sharing these special cultural moments made me feel truly at home and gave me more confidence adapting to university life,” he noted. For Dat, CUHK is defined by the balance of academic rigour and inspiring community.
CUHK’s Systems Engineering and Engineering Management Programme
The SEEM programme prepares graduates to manage complex, data-driven systems across modern industries by integrating engineering technology with management. Key highlights include:
- Specialised Streams: Offers focused specialisation streams in Business Information Systems and Decision Analytics.
- Analytical Toolkit: Trains students in advanced mathematical tools including optimisation, stochastic modelling, and computer simulation.
- Technology at the Core: Infuses core engineering studies with cutting-edge expertise in machine learning, big data analytics, and artificial intelligence.
- Global Career Paths: Equips competitive graduates for prominent positions in asset management, information technology consulting, and e-commerce supply chain management.
For more information about CUHK’s undergraduate programmes, visit https://admission.cuhk.edu.hk/.
Hashtag: #CUHK
The issuer is solely responsible for the content of this announcement.
Media OutReach
#legend Celebrates 10+ Years with Major Digital Milestone as Chairman Bruce Rockowitz Highlights Next Growth Chapter
Founded in Hong Kong, #legend has developed into a recognized destination for readers seeking curated coverage at the intersection of luxury, culture, and contemporary lifestyle. The platform’s editorial scope spans fashion, watch and jewellery, beauty, music, art and design, dining, travel, tech, motors, and wellness, with a focus on the people and ideas shaping modern culture.
“The new readership milestone signals more than audience growth. It marks a broader phase of momentum for the brand as #legend increases editorial investment across its core Culture, Watch and Jewellery, Fashion, Beauty, and Lifestyle verticals while continuing to deepen relationships with luxury advertisers and collaborators,” said Bruce Rockowitz, Chairman of #legend. The print and digital publication currently works with 150+ brand partners, reflecting sustained market confidence in its editorial positioning and audience relevance.
Over the past 10+ years, #legend has published more than 100 cover stories featuring influential figures and culturally significant voices. That editorial body of work has helped define the brand’s identity in Hong Kong’s media space, where readers increasingly seek quality over volume and distinct perspective over generic content. As print and digital media becomes more fragmented, #legend’s growth points to continued demand for trusted storytelling with a clear cultural lens.
“Reaching more than 500,000 monthly readers on our digital platforms is an important moment for us, especially as we look back on over a decade of building #legend,” said Steve Rockowitz, CEO & Publisher of #legend. “It reflects the strength of our editorial direction, the loyalty of our audience, and the value of creating stories that connect culture with lifestyle in a way that feels relevant to Hong Kong and the region.”
As part of its next stage of development, #legend is placing greater emphasis on the categories that have shaped its readership base and brand identity. That includes continued focus on premium storytelling in culture, watch and jewellery, fashion, beauty, and lifestyle, along with expanded collaboration across its creative and commercial network. The company said these priorities are intended to strengthen both audience engagement and long-term partnership value.
The milestone also highlights the publication’s role in a changing luxury media environment, where advertisers are increasingly selective about context, audience alignment, and editorial quality. By combining scale with a distinct local voice and premium subject matter, #legend continues to position itself as a strong print and digital platform for both readers and brand partners in Hong Kong.
Bruce Rockowitz and the business of media growth
Bruce Rockowitz has recently spoken about the practical role of innovation and technology in building stronger businesses across media and other consumer-facing sectors. In reported commentary, he has emphasized the value of tools that improve personalization, audience engagement, operational efficiency, and subscription retention, while maintaining that creativity, judgment, and human connection remain central to brand building. That perspective aligns with broader industry shifts as digital publishers look for sustainable ways to grow audience loyalty and commercial relevance.
With its latest audience milestone, #legend is entering its next chapter from a position of measurable traction. The company’s 10+ year track record, 500K+ monthly readership, 100+ cover stories, and 150+ brand partners together reflect a publication that is not only established, but still building.
Hashtag: #legend
The issuer is solely responsible for the content of this announcement.
About #legend
#legend is Hong Kong’s premier digital destination for fashion, beauty, culture, and the extraordinary lives of the city’s most influential figures. Founded in Hong Kong, #legend has grown from a local publication into an influential voice in Asian luxury lifestyle media. The platform covers Culture, Watches & Jewellery, Fashion, Travel, Wellness, Design, Beauty, and related verticals, through print, digital, social media, and event experiences, with a mission to celebrate creativity, innovation, and the pursuit of excellence, connects influential audiences with the people, brands, and ideas shaping the future of luxury living.
For more information, visit: https://hashtaglegend.com/about
Media OutReach
5.096 Million Units Exported in Six Months: Beyond the Headline Figure, China is Reshaping Global Automotive Rules
The Chery Fulwin T7 (marketed overseas as the LEPAS L6) serves as a flagship model representing this transformation. Designed as a “born-global” vehicle, it adopts a reverse roll-out strategy—debuting in international markets prior to initiating domestic pre-sales.
Industry observers note that the significance of Chinese automakers participating in the formulation of global standards far outweighs mere export volume. Traditional automotive powerhouses are now poised to face increasingly formidable competitors.
The issuer is solely responsible for the content of this announcement.
