Cyberport

Cyberport is a business park in Southern District,[1] Hong Kong, consisting of four office buildings, a hotel, and a retail entertainment complex.

Six start-ups from Cyberport, namely GOGOX, KLOOK, WeLab, TNG, Animoca Brands and ZA International, have emerged as "unicorns", spanning categories of fintech, smart living, digital entertainment and esports.

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

[12] 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.

[13] 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.

It was also hoped that this development would help the HKSAR's economy rebound after the 1997 Asian financial crisis, and bring a "strategic cluster of information technology and services companies situated in a world-class setting".

Title to these properties would be transferred to the government at zero cost, while PCG received land for 420,000 square metres (4,500,000 sq ft) of residential housing in exchange, and would reap 64.5 percent of the profits from their sale.

[15][16] Awarding the project to PCG without a formal open tender attracted criticism for lack of transparency; other interested developers complained of being sidelined.

[16][3] Fifteen companies signed letters of intent with the developer, including Hewlett-Packard, IBM, Microsoft and Yahoo, but only three moved in at the initial opening, due to a technology slump.

[20] The government rejected accusations of favouritism, arguing that PCG's presence as an anchor tenant would be a marketing plus to prestigious international technology companies.

[14][19] In October 2004, David Webb cited lack of transparency in the government's business dealings and demanded audited financial accounts and directors' reports for three companies related to the project to be released under the non-statutory Code on Access to Information.

However, in September 2023, local media reported that Cyberport had declined to attend the Meeting of the Economy, Development, and Planning Committee of the Southern District Council both in 2021 and 2023.

In June 2021, District Councilor Paul Zimmerman manually photographed each page of Cyberport's expansion plans, as they had refused to provide a digital copy.

With a project of HK$5.5 billion impacting such a beloved park, it is disconcerting that Cyberport, with its technological prowess, has been unable to create a dedicated website providing comprehensive information, visuals, timelines, and contacts.

They feature a spa, indoor and outdoor swimming pools, game's room, gym, children's playroom, restaurant and personal cinema.

Cyberport aerial view
Cyberport 2 – The Podium
Cyberport 3
Cyberport – Function Rooms
Cyberport Network Operations Centre
Cyberport
Night view of Cyberport
Cyberport and The Podium
Residence Bel-Air
Bel-air Residence Tower 6
Bel-air Residence Phase 6