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@joshsteimle
Why Hong Kong?
Expanding your business to Asia
@joshsteimle
Challenges
@joshsteimle
NoWalmart
@joshsteimle
NoAmazon
@joshsteimle
NoCostco
@joshsteimle
Education System
$25K/yr forprivateschool
@joshsteimle
Summers =Hot&Humid
@joshsteimle
Timezones
NYCis12-13hoursdifferent
@joshsteimle
DidI mentionthere’sno
Amazon?
@joshsteimle
Butit’sall manageable.
@joshsteimle
“Thosewho havea'why'
tolive, can bearwith
almostany‘how'.”
—ViktorFrankl
@joshsteimle
Why live in HongKong?
@joshsteimle
First,why Asiaatall?
@joshsteimle
Massivepotential,that’s
why.
@joshsteimle
4.3Billion
Asia Population,2013
Source: http://www.worldpopulationstatistics.com/asia-population-2013/
@joshsteimle
4.9Billion
Asia Population,2030
Source: http://en.wikipedia.org/wiki/World_population
@joshsteimle
525Million
Asia MiddleClass,2013
Source: http://www.ey.com/GL/en/Newsroom/News-releases/News_By-2030-two-
thirds-of-global-middle-class-will-be-in-Asia-Pacific
@joshsteimle
3.1Billion
Asia MiddleClass, 2030
Source: http://www.ey.com/GL/en/Newsroom/News-releases/News_By-2030-two-
thirds-of-global-middle-class-will-be-in-Asia-Pacific
@joshsteimle
9.4%
Asia-PacificInternetPenetration,2005
Source: http://www.itu.int/en/ITU-D/Statistics/Pages/stat/default.aspx
@joshsteimle
38.8%
Asia-PacificInternetPenetration,2015
Source: http://www.internetworldstats.com/stats3.htm
@joshsteimle
344 Million
Asia-PacificInternetUsers,2005
Sources: Internet Telecommunications Union http://www.itu.int/en/ITU-D/
Statistics/Pages/stat/default.aspx, We Are Social SG http://wearesocial.net/blog/
2013/03/state-social-asia-march-2013/
@joshsteimle
1.56Billion
Asia-PacificInternetUsers,2015
Source: http://www.internetworldstats.com/stats3.htm
@joshsteimle
0
Asia-Pacific MobileInternetUsers,2005
Sources: Internet Telecommunications Union http://www.itu.int/en/ITU-D/
Statistics/Pages/stat/default.aspx, We Are Social SG http://wearesocial.net/blog/
2013/03/state-social-asia-march-2013/
@joshsteimle
1.02Billion
Asia-Pacific MobileInternetUsers,2015
Source: http://www.emarketer.com/Article/Asia-Pacific-Boasts-More-Than-1-
Billion-Smartphone-Users/1012984
@joshsteimle
SoWhy HongKong?
@joshsteimle
Location
1/2worldpopulationwithin5 hrflight.
@joshsteimle
Shenzhen 1hraway
HongKonguniquelypositioned
forIoT,hardwarestartups.
@joshsteimle
Incorporation
Donein 1hour.
@joshsteimle
Startup Support
Vibrant,friendlycommunity,
helpfulgovernment(mostofthe
time).
@joshsteimle
83.48years
Highestlifeexpectancyworldwide
Source: World Bank, Last updated: May 7, 2014
@joshsteimle
Safety
You won’tbemugged,but
becareful jaywalking.
@joshsteimle
2ndFastest Internet
AvgMbps:16.8.Internetspeedshave
increased37%overthe lastyear.
Source: Akamai State of the Internet Report, Q4, 2014
@joshsteimle
LegaltoKillHusband
@joshsteimle
LegaltoKillHusband
If he’scheating,andwife uses bare hands.
@joshsteimle
WhatisHongKong?
@joshsteimle
266islands
@joshsteimle
HongKong SAR
(Special AdministrativeRegion;
One Country,TwoSystems)
@joshsteimle
<25%landdeveloped
Lotsofgreen space.
@joshsteimle
Pop.7.15million
@joshsteimle
StartingaBusinessin
HongKong
@joshsteimle
Immigration
Typically2-3monthwait.
Startup visaavailable.
@joshsteimle
OfficeSpace
Most startupsusecoworkspaces.
GarageSociety
Blueprint
TheHive
Paperclip
WYND
CoCoon
@joshsteimle
Banking
Canbea pain,justlike everywhere else.
@joshsteimle
SeedCapital
Plentifulangelinvestors,
accelerators, pitchevents.
@joshsteimle
VentureCapital
Improvingallthetime.
@joshsteimle
Living in HongKong
@joshsteimle
July
Wettestmonth
@joshsteimle
Healthcare
Socialized (“free”)butformore
seriousissues you’llprobablymay
wanttopayforaprivatehospital.
@joshsteimle
CostofLiving?
Expensive,butmanageable.
@joshsteimle
Language
Englishand Cantoneseboth
officiallanguages.
@joshsteimle
Transportation
Bestsubwayin theworld,super
cheapandplentifultaxis.
@joshsteimle
Outdoorlifestyle
Hiking,trailrunning,swimming,
camping,boating,fishing,etc.
@joshsteimle
Questions?
Twitter: @joshsteimle
Blog:joshsteimle.com

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Why Hong Kong? Expanding Your Business to Asia.