Hong Kong’s huge business ecosystem one of the fifth fastest-growing ecosystems all over the world and is home of more than 2,000 international startups. Hong Kong’s business existence has always been focused on trade. Nowadays, with a population of over 7.4 million people, Hong Kong is an exceptionally competitive financial and business hub. It is one of the world’s biggest financial centres and the Hong Kong dollar is the 13th most traded currency in the world.
What New Future Business are in High Demand in Hong Kong?
Hong Kong in its recent years has attracted a lot of companies, like startups or franchises, that are one of the most profitable business to start Hong Kong. It is known as one of the biggest business hubs in the world, a lot of European and American companies are moving their branches to this city. It is just because of the flexible working environment, friendly tax policies and lower wage rates.
There are lots of profitable businesses to invest in, but this are the most demanded nowadays and looking through the future:
| New Future Business in Hong Kong: |
| 1. FinTech |
| 2. AI |
| 3. Smart City |
| 4. Startups |
| 5. Franchises |
| 6. Healthcare Products |
| 7. Fitness Boot Camps |
| 8. Housework Service |
| 9. Delivery Services |
| 10. Freelance |
1. FinTech
Hong Kong’s Fintech industry has witnessed significant growth in recent years. The number of fintech start-ups in Hong Kong rose by more than double from 138 in 2016 to 427 in 2018.
Hong Kong ranked the world’s sixth most significant Fintech hub in the “Connecting Global FinTech: Interim Hub Review 2017” published by Deloitte. There are many factors that make Hong Kong ideal for Fintech companies to be a profitable businesses to invest in.
2. Artificial intelligence
Artificial Intelligence (AI) is the major driving force of the fourth Industrial Revolution which is characterised by automation and connectivity. According to an analysis of academic publications on AI by Times Higher Education in May 2017, Hong Kong ranks third world wide in terms of field-weighted citation impact on AI.Hong Kong also has a number of leading private AI technology companies such as SenseTime.
3. Smart city
As one of the most densely populated cities in the world with world-class ICT infrastructure and Internet connectivity, Hong Kong is an ideal testing ground for a lot of smart city applications. To catch up the global trend and build Hong Kong into a world-class smart city, the Government released the Hong Kong Smart City Blueprint in December 2017 that maps out development plans in the next five years.
4. Startups
The ‘Pearl of the Orient’ is embracing a brave new future as one of Asia’s pre-eminent start-up hubs. The city is home to around 2,000 start-ups and, according to Forbes, some 20% of founders in Hong Kong hail from the US.
5. Franchises
As franchise operations are not required to register with the HKSAR Government or any trade associations, there is no official record of the total number of operators in Hong Kong. The official records indicated that there were about 55 franchise operators in 1992. The number grew to 95 in 1997, and peaked at 124 in 1999. At the present, there are about 75 franchise operators in Hong Kong. Of these franchise operators, 56% are local franchises. 42.7% of the franchises in Hong Kong are in catering business, 37.3% in services and 20% in retailing.
6. Healthcare products
If you’ve been to Sheung Shui, you were probably surprised by the number of pharmacies in this area. If you ever walked into one of those pharmacies, you’d discover most of the customers speaking in Mandarin (Note: Hong Kong locals speak Cantonese).
So why do mainland Chinese people buy daily health-care products from Hong Kong? The reason is simple. Mainland Chinese don’t trust their local health care products. They want to use products made in Hong Kong or Western countries, so setting up an online health care store today can be a smart option!
7. Fitness Boot Camps
Everyone cares about healthy living, and the fitness industry is booming in Hong Kong today. However, getting a monthly gym membership seems to be dull. Many times, people agree to pay much money in the name of wellbeing. After the first month, they don’t feel as determined, or they have a whole packed schedule that they may want to skip it. However, there are many options out there other than the gym when people wish to more directions when exercising.
credits: Starting fitness boot camps business can offer people the incentive to continue working out by giving them a support structure, and the set-up won’t burn a hole in their wallet! You can make use of parks and outdoor locations to keep your cost low. At the same time, it ensures flexibility to your clients.
8. Housework Service
In the fast-paced Hong Kong city, many families (both husband and wife) need to work to cover the household expenses. Because of this, they often have no time for housekeeping, and full-time helpers are costly. So housework service companies (cleaning service, laundry...) make the life easier for its costumers.
9. Delivery Services
These are some of the easiest and best ways to start a business. While the field is very competitive, it is needless to say that not everyone can make it. It is crucial to prove themselves trustworthy to their clients, having a good record is about everything. And of course had a good business plan of the entire business strategy that will guide the company at all times. Keep it in mind!
10. Become a Freelance
Being able to write, edit, proofread or anything from this field is a skill that helps people earn money. The magic on writing is that there will always be demand for it, as well as editing and proofreading. With a good command in English proven communication skills, it would be easy to become an expert and earn money from it; as stated before, what could be better than earning money from your passion?
Thinking of starting your new business in Hong Kong and shuffling new business ideas?
Or maybe are you looking for new profitable business opportunities in Hong Kong?
Starting a new business requires your complete determination and clarity about what you want and how you can grow in the country you are planning to start the business. We want to help you to take on the decision, so here you have the List of Top 3 Most Profitable Businesses in Hong Kong 2019
“Why not invest your assets in the companies you really like? As Mae West said, ‘Too much of a good thing can be wonderful.” - Warren Buffett
Top 3 Most Profitable Businesses in Hong Kong 2019
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Healthier 4U
Healthier 4U Vending, a wholly owned subsidiary of 21st Century Technologies Group, was launched to be the premier healthy vending company in the world. Taking advantage of our expertise in manufacturing, distribution and product sourcing with top-notch customer service, we have quickly become the leader in the vending industry.
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Snap fitness 24-7
Starting from humble origins, Snap Fitness has grown over these past 15 years to become a well-respected international brand, boasting over one million members around the world. They we remain committed to growing their business and continuing to evolve as a leader in the fitness industry.
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Mr Jeff
Mr Jeff is a technological company that solves people's day to day problems such as doing laundry or ironing. It implements constant progress and improvement in all of its processes due to its commitment to continuously innovate. Right now it is one of the companies with most success in the laundry sector that is having a new and innovative business model.
But let's see the comparation between this three:
|
Healthyer 4U |
Mr Jeff |
Snap Fitness 24-7 |
|
| Initial inversion ($) | $30,000 | $ 256,265.30 | $145,000 |
| Trainings | Yes, but in Las Vegas | Yes | No |
| Franchise fees | $0 | $0 | $50.000 |
There are so many profitable business opportunities in Hong Kong, but sure Mr Jeff is one of the bests! If you want to know more about Mr Jeff Laundry Franchises Company and its revolutionary Business Model click on the banner, where you can leave your data and receive in your email a dossier with all the information about the franchise and the investment necessary to open your Mr Jeff franchise.
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