Hong Kong draws Chinese AI companies from CloudWalk to iFlyTek as city pivots to tech

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Hong Kong draws Chinese AI companies from CloudWalk to iFlyTek as city pivots to tech

Hong Kong is becoming a key regional hub for Chinese AI start-ups aiming to expand internationally. Executives from companies like CloudWalk and iFlyTek highlighted the city's supportive environment for innovation and access to global markets. The Greater Bay Area's innovative atmosphere is seen as a significant advantage for these companies.

CloudWalk plans to establish a presence in Hong Kong to enhance its overseas business, while iFlyTek is leveraging the city's market for global expansion. The Hong Kong government is investing in AI development, further solidifying the city's role in the tech landscape. This trend reflects a broader movement of Chinese AI firms seeking to capitalize on Hong Kong's resources and opportunities.

• Hong Kong is attracting Chinese AI start-ups for global expansion.

• The government is investing in AI to enhance local development.

Key AI Terms Mentioned in this Article

Artificial Intelligence

Artificial Intelligence refers to the simulation of human intelligence in machines, which is central to the operations of companies like CloudWalk and iFlyTek.

Voice Recognition

Voice recognition technology enables machines to understand and process human speech, a key focus for iFlyTek in developing solutions for multinational firms.

Autonomous Driving

ai is developing for its robotaxi services in Hong Kong.

Companies Mentioned in this Article

CloudWalk

CloudWalk is an AI company specializing in facial recognition software, seeking to expand its operations in Hong Kong.

iFlyTek

iFlyTek is a voice-recognition firm that has established its global headquarters in Hong Kong to enhance its international market reach.

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