Cyberport Investors Network raises over HK$360million for start-ups

�

HONG
KONG, CHINA -�Media OutReach�-�5 Nov 2019 - Cyberport's landmark tech investment
event, the Cyberport Venture Capital Forum (CVCF), officially kicked off today.
Its two-day programme featured over 40 leading industry leaders, investors,
tech start-ups as well as rising stars from the Cyberport community. The first
day of the event was packed with a plethora of illuminating keynotes and panel
discussions which addressed the overarching theme of "New Frontier of Tech
Venturing" and uncovered the latest trends in the tech venture capital
market. The forum also officially announced the outstanding achievements of the
Cyberport Investors Network (CIN) over the past two years which raised
up to HK$360 million of funds for its start-ups.

�

Nicholas Yang, Secretary for Innovation and
Technology of the Hong Kong SAR, Dr George Lam, Chairman of Cyberport, Mr Peter
Yan, CEO of Cyberport, Mr Duncan Chiu, Chairman of Steering Group of the CIN,
and the new Chairperson, Mrs Cindy Chow officiated the forum's
opening ceremony together.

Dr George Lam: Hong
Kong's technological development to grow and thrive despite obstacles�

In his welcome remarks, Dr
George Lam, Chairman of Cyberport, expressed his confidence in the venture
capital market in Hong Kong. "Despite the impact brought on by the macro
environment, the rapid development of technology and digital transformation in
Asia has not slowed down.
The Cyberport Macro Fund
has invested HK$106 million in 14 start-ups, and has brought in close to HK$500
million in co-investments since its launch. This brings the total amount of
investments in start-ups to more than HK$600 million, which exemplifies the
strength and potential of Hong Kong's start-ups. Facing the challenges ahead, I
believe Hong Kong's development in innovation and technology will continue to
march forward while seizing new opportunities arising from the Greater Bay
Area."

�

Bridging
Investors and Start-ups

CVCF
also marked the second anniversary of CIN which has built a network of over 100
investors, including venture capital funds, private equity, angel investments
and family investment offices. The forum celebrated CIN's success in raising an
aggregated amount of HK$360 million for the Cyberport community and
successfully matching 26 partnerships throughout the past two years. Mrs
Cindy Chow, Executive Director of Alibaba Hong Kong Entrepreneurs Fund,
officially succeeded Mr Duncan Chiu, Co-Founder and Managing Director
of Radiant Venture Capital, as the new steering group chairperson of the
CIN at the forum.

Mr Duncan Chiu,
Chairman of Steering Group of the CIN said, "Beyond the heartening progress we've
made in investments, this year we were successful in bringing in more investors
from the Greater Bay Area, increasing the total number to over 20. We believe
this will stimulate deal flow and help our local start-ups tapping into the
Greater Bay Area market, all while promoting synergy and development within the
region's technology ecosystem."�

�

Mrs Cindy Chow, the
new Chairperson of the CIN, expects the Network to experience continued growth
and promote synergy between more start-ups and member investors, further
stimulating the start-up investment landscape, all while driving new impetus in
the local venture capital market.���

Exploring corporate
venture capital and technology investment

One of the forum's
focuses is on corporate venture and an impressive line-up including
representatives from C capital, CLP Holdings, PM Equity Partner and China
Resources Capital was assembled to impart insight on their partnerships with
private and institutional investors to create value for their own businesses. Mr
Josemaria Siota, Director of Research of IESE Business School, was present
to dispel the seven myths of corporate venturing backed by results from his
recent report findings.

With the overarching theme "New Frontier of Tech Venturing", the
event uncovered the multi-faceted dimensions of tech funding, including the
rise of corporate venturing, an outlook on the tech investment scene in the US,
China and the Belt & Road region, strategy formulation for family and early
stage investments, the latest funding tech platforms and more.

Heavyweight speaker,
Mr Michael Zhu, Managing Partner of Gobi Partners China, delivered an
in-depth overview of current market development as well as future trend
predictions of high-tech venture investments in China and along Belt and Road
countries. Mr Dan Brody, Managing Director of Tencent Investment,
imparted his insight on international investment opportunities.

The ideal platform to
showcase start-up potential

To showcase
Cyberport companies' cutting edge technologies and facilitate investment matching, over 30 local start-ups, including many from the Cyberport Community, showcased their products and solutions at the Innovator Showcase,
while the Founder Stage featured start-ups in the
fields of FinTech, InsurTech, digital entertainment, esports, and smart living
to pitch their innovative projects to investors.� One-on-one onsite meetings were also
pre-scheduled and carried out at the event based on mutual investment appetites
and funding demands via the forum's exclusive online Investor Matching platform
to facilitate investment and fundraising opportunities.

About Cyberport

Cyberport is an innovative digital community with around
1,400 start-ups and technology companies. It is managed by Hong Kong Cyberport
Management Company Limited, which is wholly owned by the Hong Kong SAR
Government. With a vision to be the hub for digital technology thereby creating
a new economic driver for Hong Kong, Cyberport is committed to nurturing a
vibrant tech ecosystem by cultivating talent, promoting entrepreneurship among
youth, supporting start-ups on their growth journey, fostering industry
development by promoting strategic collaboration with local and international
partners, and integrating new and traditional economies by accelerating digital
transformation in the public and private sectors. For more information, please
visit www.cyberport.hk