Asia Pacific Major Report - Programming Asia Pacific Tech Cities as Global Tech Hubs April 2019
- Between January-March 2019, CBRE conducted a study of Asia Pacific’s leading tech cities by assessing 15 markets according to 20 factors under three major criteria – business conditions, innovation environment, and cost and availability.
- The study found that unlike Silicon Valley, which provides a strong well-rounded environment for tech sector development and growth, individual cities in Asia possess distinct strengths and weaknesses.
- Leading cities include Beijing, Bangalore, Shanghai, Singapore and Gurgaon; competent cities are Seoul, Tokyo, Hangzhou, Shenzhen and Hyderabad; and supplement cities are Hong Kong, Sydney, Hsinchu, Taipei and Auckland.
- This report summarises the findings of the study and explains how they reflect the multi-nodal approach adopted by tech firms in Asia Pacific, which tend to select locations according to their suitability for certain business functions and units.