10 Facts About Cyberport

Cyberport is a business park in Southern District, Hong Kong consisting of four office buildings, a hotel, and a retail entertainment complex.

Cyberport is managed by Hong Kong Cyberport Management Company Limited, which is wholly owned by the Hong Kong SAR Government.

In operation since 2004, Cyberport focuses on fintech, smart living, digital entertainment and esports, AI and big data, blockchain, and cybersecurity.

Cyberport is currently home to the largest Fintech community in Hong Kong with more than 350 Fintech companies.

Bowtie, a member of the Cyberport community, was authorised by the Hong Kong Insurance Authority to become Hong Kong's first virtual insurer under the Fast Track system in November 2018.

Related searches

Zhong An and WeLab, who are members of Cyberport, were two of the initial eight financial institutions and firms to be granted a virtual bank license.

Cyberport project has courted controversy since its inception because of the government's bypassing the open-tender process in awarding the project to real estate developer Richard Li Tzar-Kai, and because of its reliance on "ancillary residential" revenue.

In March 1999, the Hong Kong government announced its intention to develop a "Cyberport", to help local businesses capitalise on the rapid growth of the Internet.

The Cyberport is billed as home to an incubator for ICT startups, providing office space, financial aid, training, micro fund and network access to the investment community.

Construction of the Cyberport portion consisting of four office buildings, The Arcade and Le Meridien Cyberport Hotel, was completed in phases between 2002 and 2004.