11 Oct 2019
Research in Self-Growth Colony Optimisation Technology (SGC) started in 2009 under the Entrepreneurship Programme of the Hong Kong University of Science and Technology (HKUST). Subsequently, SGC Cosmotech Co Ltd was established for the development and application of patented biotechnology in anti-aging products. SGC Founder Venice Tsoi spoke to HKTDC Research about her company’s experience in expanding business in the Greater Bay Area.
With 74.5 billion devices set to be IoT-enabled by 2025, many old school businesses lack the networking capacity to handle the tsunami of data coming their way, with victory on this new digital frontier set to go to the first-movers.
According to HKTDC survey, mainland parents spend an average of RMB2,747 a year on baby and child furniture. Department stores and hypermarkets are the most common shopping channels. “Conformity to safety standards” and “no hazardous chemicals” are the top considerations when respondents buying furniture for their children. The survey also shows that, 83% of respondents are willing to buy a totally new brand of baby and child furniture.
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