The Connected Harbour

What is this site about?

This site tells you all you need to know about the Internet economy in Hong Kong and gives you the chance to learn about some companies who are using the internet to drive their business.

Why has this report been produced?

While the importance of new technology is widely accepted, surprisingly very little work has been done to date on the size of the Internet economy in HK and the local companies which drive its growth. This landmark report reveals for the first time the scale of the HK's Internet economy and demonstrates the extent to which the Internet now supports sections of the HK economy and local companies, from multinationals to new start-ups.

Who was involved in this report?

Google commissioned The Boston Consulting Group to produce an independent analysis of the value of the HK’s Internet economy, the factors that are driving this, how we compare to other countries, and how this will change in the future. Google wants to help HK businesses get online and use the Internet to expand too local and international markets. We’re also interested in helping existing online businesses to grow further.

What does the report tell us?

This report reveals just how big the HK's Internet economy is right now. It's worth HKD96 billion to the HK -- 5.9% of GDP. The report is also important because it tells us how big the HK's Internet economy could be in the future - growing by 7% per year, faster than forecasted GDP growth rate of 4%. Business-to-business e-commerce will be one of the key drivers of growth benefiting from mainland China's fast-growing export business. Online consumption and mobile Internet are the emerging forces that are expected to propel the territory's Internet economy, change consumers' behavior and give rise to the new business opportunities in advertising, banking and retail.

Who is The Boston Consulting Group?

In their own words...'The Boston Consulting Group (BCG) is a global management consulting firm and the world's leading advisor on business strategy. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organisation. This ensure that our clients achieve sustainable competitive advantage, build more capable organisations, and secure lasting results. Founded in 1963, BCG is a private company with 70 offices in 41 countries. For more information, please visit www.bcg.com.