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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.
Why Hong Kong? Expanding Your Business to Asia.
@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
Why Hong Kong? Expanding Your Business to Asia.
Why Hong Kong? Expanding Your Business to Asia.
Why Hong Kong? Expanding Your Business to Asia.
Why Hong Kong? Expanding Your Business to Asia.
Why Hong Kong? Expanding Your Business to Asia.
@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.