Wang Chaoyou, a mainland Chinese entrepreneur, was all like, “I’m gonna try my luck in Kuwait again after my first attempt totally flopped.” He joined a Hong Kong delegation to the Middle East and BAM! He quickly made his way into the emerging market of Kuwait. Wang, who is the chairman of Dongchao Technology in Shanghai, was like, “We were negotiating a deal before, but we couldn’t agree on the shareholding ratio. They wanted half, which was a big no-no for me.” But this time, with the help of Hong Kong’s chief executive and the Trade Development Council, they were able to seal the deal with a 30 per cent share. Wang was part of a group of 20 mainland entrepreneurs who tagged along with a Hong Kong delegation led by city leader John Lee Ka-chiu on a trip to Qatar and Kuwait. It was the first time businesses from mainland China had ever joined an official trip like this.
The city leader had previously visited the Middle East in 2023, spending eight days in the United Arab Emirates and Saudi Arabia with city business leaders. Delegates and analysts were like, “Yo, this visit is gonna help Hong Kong break into new markets in the region, especially with all the crazy geopolitical tensions going on.” And they were also like, “Hong Kong is totally the gateway for mainland companies to go global.” So, like, it’s a win-win situation, right? This whole trip showed how Hong Kong is all about opening doors for businesses to expand internationally.
Not really sure why this matters, but it’s pretty cool how Wang was able to make things happen in Kuwait with a little help from his friends in Hong Kong. Maybe it’s just me, but I feel like this shows the power of collaboration between different regions to boost business opportunities. And hey, if Wang can do it, maybe other entrepreneurs can too. Who knows, right? The world of business is full of surprises, and you never know where your next big break might come from. So, keep hustling and who knows, you might just make it big like Wang in Kuwait.
