Hong Kong
Metro area · Asia · Pop. 7.5M · #35 city by EV
Enterprise value · 2015–2025
Hong Kong grew 47.6× since 2015
Combined enterprise value of every tracked startup headquartered in Hong Kong that's still operating today — public and private companies combined, totalled by founding-year cohort.
Adjacent cities by EV
Startup funnel
Hong Kong's power-law funnel
From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.
* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.
Notable companies
Top private companies in Hong Kong
Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.
Academia
Hong Kong's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Hong Kong.
Vs. similarly-sized ecosystems
How Hong Kong stacks up
Peers chosen from the same continent (Asia), sized closest to Hong Kong by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.
Top overview
Asia — top cities
Top cities in Asia ranked by combined EV. Hong Kong's row is highlighted.
| # | Ecosystem | Combined EV | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Yangtze Delta Region | $1.9T | 2.6× | 190 | $9B | 6,728 |
| 2 | Jingjinji Metropolitan Region | $1.7T | 3.7× | 175 | $6.4B | 4,437 |
| 3 | Beijing | $1.7T | 3.6× | 169 | $6.3B | 4,257 |
| 4 | Shenzhen | $1T | 1.9× | 45 | $2B | 2,115 |
| 5 | Shanghai | $924B | 4.9× | 122 | $3.8B | 3,462 |
| 6 | Hangzhou | $608B | 1.2× | 31 | $1.7B | 1,372 |
| 7 | Tel Aviv | $525B | 6.9× | 115 | $9.3B | 3,600 |
| 8 | Seoul | $362B | 13.8× | 37 | $6.6B | 4,864 |
| 9 | Singapore | $359B | 9.6× | 38 | $3.3B | 3,900 |
| 10 | Bengaluru | $286B | 6.2× | 45 | $5.4B | 3,568 |
| 11 | Tokyo | $220B | 6.1× | 18 | $3.1B | 5,992 |
| 14 | Hong Kong | $186B | 13.0× | 21 | $3.6B | 1,222 |
Premium analytics
What we don't show on this page (yet)
Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Hong Kong dataset — or see a sample on the Dealroom app.
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Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.