Hong Kong's High-Tech Technology Incubator

Austin Huggins writes "The BBC is reporting on a new hi-tech complex built in Hong Kong to attract tech businesses. 'It has taken four years to build and comes complete with a hi-tech hotel, apartments, shops and services.' And they have a 100 mbs network to boot." As the article points out, Hong Kong has a suddenly harder time keeping ahead of booming cities in mainland China.

Comments

Re:Wow

[isny]

Is that millibits? Man, and I thought 300bps was slow.

What the hell is wrong with BBC/Slashdot?

[fussili]

Cyberport is a MASSIVE waste of government money and worse still was just a large luxury building contract HANDED OVER to everyone's favourite Hong Kong cartel.

Anyone from Hong Kong reading this report is currently laughing their ass off at the idea that this is somehow indicative of Hong Kong 'racing ahead'. Cyberport was nothing more or less than a gigantic gift to Li Ka Shing's estate (via his son the ever popular Richard Li).

I bet you guys think our partially state-owned Disney land is a good idea too. Seriously, if you like this stuff you can have Chief Executive Tung Che Hwa. Please, take him!

Re:Why Hong Kong

[twitter]

Why go there just for the bandwidth, when they can locate their factory in mainland China and enjoy the benefits of genuine slave labor.

I can get the benefits of genuine slave labor at Walmart.

Is it a surprise that Hong Kong would have trouble "keeping up" with anyone in China? The one thing you can count on with a Communist government is that "what's mine is mine and what's yours is mine." Any factory run by any party boss is going to have everything anyone in Hong Kong has and resources no one in Hong Kong can touch. That more people are getting a taste of the fruits of their labors in China in no way makes them free or the government any less corrupt.

Hong Kong, under the UK, was a showcase of unregulated capitalism. That's amazing, when you consider the nasty way the UK taxes it's own citizens to death and beyond. It's demise under the Chinese is as inevitable as it's wealth and prowess was under the UK.

Re:Not supprised

[selderrr]

okay, i'm going to say something incredibly naive now :

so what ?

It's not like the US (or EU, where I live) somehow becomes a minority population all of a sudden ! We will become a less influent factor in the world economics. Probably behind Asia, but in front of South America or Africa. We will stop being cutting edge on quite a few domains. But it is not like as if somehow we'll have to live on water and bread. Maybe, just maybe, the asian uprising is a small step towards global leveling of powers (okay, that was really naive. Forget I just said that). People should stop thinking that the asians are taking away our lives. They are just taking away some of the luxuries that we didn't have an exclusive on anyway. Get over it. Grow up. Be happy, not jaleous