Hong Kong's Silicon Valley Rises as PARK AURA Fills with AI-Web3 Startups

On November 4, 2025, Cai Wensheng, founder of image-editing giant Meitu, announced at Hong Kong Fintechweek 2025 that his HK$650 million investment to purchase and convert a commercial building in Tin Hau into an AI-Web3 startup center has reached full occupancy. The building, dubbed "PARK AURA," is now entirely occupied by AI and Web3 companies, cementing Hong Kong's role as a hub for emerging technologies, according to a Lookonchain report.

The 25-floor property, located just one minute from a subway station, features a mixed-use layout designed to foster innovation. The first and second floors house an AI-themed café and lecture space, while other floors include shared office spaces available for free to Hong Kong entrepreneurs and dedicated studios for AI and Web3 projects, the Lookonchain report said. Cai emphasized the center's strategic location and amenities, including dining and accommodation, as critical to supporting startups in the city's core.

Cai's initiative underscores his belief in Hong Kong's potential to lead the AI-Web3 sector. He highlighted the city's "rich talent pool" as a foundational asset for future innovation and urged the government to provide more guidance to the private and industrial sectors to accelerate growth, the Lookonchain piece added. Additionally, he called on real estate developers to follow his lead, transforming Hong Kong's commercial landscape to better serve tech startups.

The entrepreneur also pointed to the explosive growth potential of the cryptocurrency market, estimating its current valuation at $4 trillion. He projected a tenfold increase over the next decade, noting that even if the market reaches $40 trillion, it would still trail traditional assets in scale, the Lookonchain piece noted. This optimism aligns with broader trends in Hong Kong's financial sector, where regulators have increasingly embraced crypto-friendly policies, attracting firms from Singapore and beyond, according to the South China Morning Post.

Cai's vision for the Tin Hau building is part of a larger push to position Hong Kong as a global innovation leader. The property, acquired in May 2025, was renovated to include collaborative spaces akin to Silicon Valley incubators, blending work and community engagement, according to a Panewslab article. His remarks at Fintechweek coincided with a surge in Web3 activity in the city, including the expansion of blockchain infrastructure and regulatory frameworks designed to attract investment, the South China Morning Post reported.

While the center's success has been swift, challenges remain. Hong Kong's property market, though recovering, still faces issues like rising costs and competition for commercial space, the South China Morning Post observed. However, Cai's project demonstrates how strategic investments can create ecosystems that bridge talent, capital, and infrastructure-a model he hopes will be replicated across the city.