Asia Sports Tech Founding Partner Loron Orris was invited to speak at the “Can Hong Kong seize on the billion-dollar Esports industry?” panel as part of the South China Morning Post China Conference: Hong Kong 2021. Along with Sean Hung from HZL Capital, Alex Norman from Bird & Bird, Sean Zhang from Talon Esports and SCMP Tech Reporter Josh Ye, they led an interesting plenary session where they shared their unique views on what it will take for Hong Kong to become a regional esports hub.
Key takeaways of the panel
4 Factors that favour Hong Kong as a regional esports hub
1. Location: HK’s proximity to China, the Greater Bay Area and being at the geographic centre of Asia.
2. Global Financial Centre: HK’s access to capital, interest in esports in the region, esports success in China and Korea and the rapidly expanding mobile gaming markets in Southeast Asia create opportunities for favorable #valuations for esports-related business.
3. Successful Esports Teams: The presence of globally competitive esports teams like Talon Esports that recently finished 3rd at the League of Legends MSI competition in Iceland.
4. Regional Events Hub: The opening of the Kai Tak Sports Park in HK in 2024 will be a great venue for regional and global esports events and will help transform the #GreaterBayArea esports ecosystem.