Hong Kong’s answer to Silicon Valley emerges as PARK AURA becomes a hub for AI and Web3 startups

On November 4, 2025, Cai Wensheng, the founder of Meitu, a leading image-editing company, revealed at Hong Kong Fintechweek 2025 that his HK$650 million investment to acquire and transform a commercial property in Tin Hau into an AI-Web3 startup hub has achieved full occupancy. Now named "PARK AURA," the building is completely filled with AI and Web3 enterprises, further establishing Hong Kong as a center for technological innovation, according to a

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This 25-story building, just a minute's walk from the subway, offers a versatile environment aimed at encouraging creativity. The ground and second floors feature an AI-focused café and an event space, while the upper levels provide complimentary co-working offices for local entrepreneurs and dedicated studios for AI and Web3 ventures, as detailed in the Lookonchain report. Cai pointed out that the building's prime location and comprehensive facilities, including food and lodging, play a vital role in nurturing startups in the heart of the city.

Cai's project reflects his confidence in Hong Kong's ability to become a leader in the AI-Web3 arena. He praised the city's "abundant talent resources" as a key driver for future breakthroughs and encouraged the government to offer more direction to both private businesses and industry players to speed up progress, the Lookonchain report noted. He also urged property developers to take similar steps, reshaping Hong Kong's commercial sector to better accommodate technology startups.

The entrepreneur also highlighted the rapid expansion potential of the crypto sector, estimating its current worth at $4 trillion. He predicted that this figure could increase tenfold within ten years, and even at $40 trillion, it would still be smaller than traditional asset markets, according to the Lookonchain report. This positive outlook is in line with the broader movement in Hong Kong's financial industry, where regulators have become more open to cryptocurrencies, drawing companies from Singapore and other regions, as reported by the

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Cai's ambitions for the Tin Hau site are part of a broader effort to elevate Hong Kong as a leader in global innovation. Purchased in May 2025, the building was redesigned to feature collaborative areas reminiscent of Silicon Valley incubators, merging workspace with community interaction, according to a

. His statements at Fintechweek came as Hong Kong experienced a boom in Web3 developments, including the growth of blockchain infrastructure and new regulations aimed at drawing investment, the South China Morning Post reported.

Although the center has quickly become a success, there are still hurdles to overcome. Hong Kong's real estate market, while on the mend, continues to deal with challenges such as increasing expenses and competition for office space, the South China Morning Post noted. Nevertheless, Cai's initiative illustrates how targeted investments can foster ecosystems that connect talent, funding, and infrastructure—a blueprint he hopes will be adopted throughout the city.