More companies have come to realise that down rounds are inevitable, says HKSTP’s Raymond Wong

More companies have come to realise that down rounds are inevitable, says HKSTP’s Raymond Wong

Photo: Raymond Wong, head of investment, HKSTP

As it steps up efforts to support the local startup ecosystem, the Hong Kong government recently announced a capital infusion of HK$400 million ($51 million) into the corporate venture arm of Science and Technology Parks Corporation (HKSTP) — a government body set up to foster the city’s innovation and technology ecosystem. 

Edited by: Joymitra Rai