PR-Inside.com: 2017-04-20 07:42:31
HONG KONG - (ACN Newswire) - Organised by the Hong Kong Trade Development Council (HKTDC), the 14th Hong Kong Electronics Fair (Spring Edition) and the concurrent 14th International ICT Expo drew to a successful close yesterday (16 April). The four-day fairs (13 to 16 April) welcomed more than 94,000 buyers from 138 countries and regions, an increase of 1.4 per cent over the previous year. The number of buyers from mature markets such as Japan and Korea recorded growth, while buyers from emerging markets including the Chinese mainland, Brazil, India and Russia recorded a double-digit percentage increase.
The HKTDC commissioned an independent research agency to conduct surveys on-site, interviewing over 850 buyers and exhibitors to gauge their views on industry prospects. According to the results, more than 80 per cent of respondents expect overall sales to increase or remain steady in 2017. The respondents view North America, Western Europe and Hong Kong to be the most promising traditional markets, while the mainland, ASEAN markets, India and Middle East are seen as having the best prospects among emerging markets.
"In this digital age led by smart technology, electronics is widely used in all aspects of life, ranging from business to home living. The industry is constantly seeking innovative and futuristic products and technology. These trends were reflected in this year's Spring Electronics Fair and ICT Expo. Together they formed an important marketplace for exhibitors to showcase their innovative products and ICT solutions to global buyers, creating tremendous business opportunities," said HKTDC Deputy Executive Director Benjamin Chau. "We saw brisk sourcing at the fairground. Buyers were keenly looking for the latest products and technologies, especially high-tech products with virtual reality (VR) elements or smart-home applications."
"The fairs featured an inaugural Startup zone to provide start-ups with an ideal trading and networking platform to meet potential investors and partners from around the world and showcase their unique concepts. We saw vibrant business at the zone," Mr Chau added.
- Inaugural Startup zone presents innovative solutions to global buyers -
Supporting the development of start-ups, the HKTDC introduced the Startup zone at the Spring Electronics Fair and ICT Expo this year to showcase the innovative technologies, products and services of more than 100 start-ups from Hong Kong, the mainland, India, Japan, the US and Taiwan. There were also a series of start-up themed events, including sharing sessions featuring representatives from Alibaba Entrepreneurs Fund, the crowdfunding platform FringeBacker and angel investors. Pitching, mentoring and "Startup, Smart Launch" sessions were also organised to help start-ups connect with and pitch their ideas to potential partners or investors, showcasing their outstanding creativity to overseas buyers.
At the Startup zone, Hong Kong start-up QIUB Group Ltd presented a multifunction power bank with integrated data/charging cable and USB memory card reader, for which crowdfunding was received from Indiegogo last October. "The Startup zone provides a perfect opportunity for start-ups to showcase their latest innovations, and start-ups only need to pay a small participation fee," said company founder and Director Kresimir Secak. "The pitching session is very useful as our product has attracted a lot of attention from buyers." He added that at least 20 potential investors from Europe and Hong Kong had bought samples and subsequent orders were expected.
Indian start-up HAL Robotics Private Ltd, a first-time exhibitor at the fair, featured its latest product RoboTrack, an Internet of Things (IoT) item developed for the supply chain industry to manage freight logistics. "We are showcasing RoboTrack at the debut Startup zone because we are keen to look for strategic investors and buyers to take this product to different markets in the world," said company director Prabhakar K Chaudhary. "Two quality buyers from Australia and South Africa in the shipment tracking business have expressed their intention to become our strategic investors and they have taken our samples for testing the applications. We have also talked to some European buyers. The fair opens up new business opportunities."
Czech buyer Jan Jirout, Managing Director of Enrecotrade, was looking for various electronics items such as wireless chargers for smart phones, electronic components for producing security systems and 3D printers. He found his visit to the Startup zone useful. "I am planning to buy US$50,000 worth of 3D printers offered by a start-up. I like the Startup zone because it provides a good opportunity for start-ups to showcase new technology and products. It's good to be here because I can find what I want, see and touch new products, and have face-to-face meetings with suppliers," he said.
Samson Tam, Chairman of the Hong Kong Business Angel Network, said that the start-up ecosystem in Hong Kong has been growing vigorously over the years. The Startup zone was "an excellent place to bring start-ups and investors together to explore growth through a win-win strategy." He noted the Startup zone featured plenty of activities. "This is a very encouraging development," said Mr Tam. "On the first day of the fairs, we invited more than 20 angel investors to attend a tech start-up pitching and matching session. The session got some strong responses. It showed that many start-ups used the zone's networking activities to gain exposure. The prospect of start-up ecosystem in Hong Kong is very positive and those specialising in Fintech, smart city and health-related solutions are likely to draw keener interest from investors."
Full press release: mediaroom.hktdc.com/en/pressrelease
Photo download: bit.ly/2p7BO3R
Hong Kong Electronics Fair (Spring Edition): www.hktdc.com/fair/hkelectronicsfairse-en
International ICT Expo: www.hktdc.com/ictexpo/
Startup zone: hkelectronicsfairse.hktdc.com/dm/2017/Startup/index.html
Established in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong's businesses. With more than 40 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. With 50 years of experience, the HKTDC organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing information via trade publications, research reports and digital channels including the media room. For more information, please visit: www.hktdc.com/aboutus. Follow us on Google+, Twitter @hktdc, LinkedIn.
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