[ 9 February 2001 ]CNSG-CNHK Joint Breakfast Talk – Opportunity to Enter Hong Kong E-Commerce Market

The firs joint business seminar by CommerceNet Singapore and CommerceNet Hong Kong kicked off at 8:30 morning at Good wood Park Hotel, Arundel Room. The seminar was well attended by CNSG members, a group of venture capitalists from Pakistan as well as the Hog Kong delegates.Mr Wong Jeh Shyan, CEO of CNSG delivered his welcome and opening speech to the audience for taking interests in the Hong Kong e-commerce market, which is undergoing some exciting and vibrant transformation. Following that, Dr Lo Wai Shun, founder of Silicon Venture, an investment holding company based in HK, share his valuable experience as a VC in both HK and the Mainland Chinese market. He has investment interests in e-commerce and Internet start-ups with focus in enabling technologies. He also analysed the VC trends and identified the favourable and less favourable sectors for investment purposes.

Moving on, Mr Robert Neely from Electronic Commerce China Ltd, painted the big picture for the current Hong Kong e-commerce situations. He gave a quick 5 “S” Snapshots including strategy, strengths, samples, services and statistics pertaining to the e-commerce market in HK and China. Having laid the macro-groundwork, Mr Szeto Hin from GMS Telecom Ltd briefed the audience on how to take telecommunication and e-commerce into the twenty-first century. He stressed the importance of imagination, innovation and integrity in his Business Strategy besides taking prudent risk and faith in the business model. His visions for the future telecommunication are: (1) The web would become the centre of eCommerce; (2) Telcom world would become IP-based and virtual while physical presence will become irrelevant.

A revolutionary eCommerce innovation was introduced by Mr Patrick Cheung from UR Photo – your one-stop Digital photo service. Responding to the strong and growing demand for online digital photography, UR Photo’s unique business and revenue model would scale a large market potential in both HK and China. The last speaker was Mr George Chang from Pacific Dot Ltd whose business is in supply chain management. His business model included a virtual buying office and one-stop-global-sourcing. This is made possible by creating a fastsourcing platform to re-engineer process and create traction using the Internet technology. The supply chain solutions will help SME to reduce back office cost and facilitates CRM, as it is convenient and easy to use.The Seminar ended with a lively Q&A; where business ideas and information were exchanged. Several business deals were forged between local and HK participants as well as MOUs with venture capitalists from Pakistan. On the whole, the joint seminar had serve its purpose by creating a platform for local and HK e-commerce players to meet and build their e-businesses. CNSG hopes to organise more joint networking and interaction event of this nature and look forward to members’ active participation.