Hong Kong says Cyberport attracted 150 Web3 firms in a year By Cointelegraph

In the past year, more than 150 Web3 firms have set up operations in Hong Kong’s Cyberport — a digital hub set up by the country’s government to promote innovation — Financial Secretary Paul Chan Mo-po said in a statement.

The influx came after the Hong Kong government invested 50 million yuan ($7 million) to help Cyberport speed up the development of Web3 with blockchain as the supporting technology, Chan Mo-po said.