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Hong Kong flourishes as startup hub

By Deng Yanzi in Hong Kong | China Daily | Updated: 2015-08-31 08:00

The letters "DJI" stir both pride and regret among Hong Kong's technology community.

Now considered the world's largest consumer drone manufacturer with a $10 billion valuation, DJI Technology Co was founded in 2006 by Frank Wang Tao in his dorm room at Hong Kong University of Science and Technology, but it is now headquartered in Shenzhen, in neighboring Guangdong province.

Its departure is largely considered Hong Kong's most regrettable "loss", according to local entrepreneurs - but there is now news of a potential U-turn.

Hong Kong flourishes as startup hub

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