HKSTP Brings 11 Hong Kong Tech Companies to Malaysia to Expand ASEAN Partnerships

KUALA LUMPUR, AUGUST 19 2026 — The Hong Kong Science and Technology Parks Corporation has strengthened its push into Southeast Asia by bringing 11 Park companies to Kuala Lumpur for the “Think Business, Think Hong Kong” initiative, aimed at building stronger innovation and commercial links between Hong Kong and Malaysia.

The delegation engaged with government representatives, businesses, investors and other industry stakeholders as HKSTP seeks to help technology ventures establish partnerships and accelerate their expansion across ASEAN.

Four participating companies also showcased technologies in artificial intelligence, robotics and green innovation at the HKSTP Pavilion. The event was officiated by Hong Kong Secretary for Commerce and Economic Development Algernon Yau and Malaysia’s Transport Minister Anthony Loke Siew Fook.

HKSTP views Malaysia as an increasingly important gateway for innovation and technology companies looking to build a presence in Southeast Asia.

According to the announcement, Malaysia is among the region’s leading destinations for companies establishing regional operations. It cited data indicating that 98% of Greater Bay Area enterprises surveyed plan to expand their operations within ASEAN, while 80% are looking to establish a local presence.

Malaysia’s policy environment is also seen as creating opportunities in digitalisation and sustainability, particularly through initiatives such as the National Energy Transition Roadmap (NETR) and New Industrial Master Plan 2030 (NIMP 2030).

These policies have increased opportunities for companies working in areas such as artificial intelligence, advanced communications, energy transition, sustainability technology, robotics and digital infrastructure.

HKSTP has already recorded growing commercial activity in Southeast Asia.

More than 100 Park companies expanded into the region in 2025, generating over HK$25 million in confirmed deals and more than HK$20 million in potential contracts, according to the organisation.

The latest Kuala Lumpur mission builds on earlier engagement between Hong Kong and Malaysia.

HKSTP chief executive Terry Wong previously joined a delegation led by Hong Kong Secretary for Innovation, Technology and Industry Professor Sun Dong during a visit to Malaysia, where he met Malaysia’s Science, Technology and Innovation Minister Chang Lih Kang.

The delegation also visited the University of Malaya and other local innovation and technology institutions to explore opportunities for stronger cooperation.

Several HKSTP companies already have business activity in Malaysia.

One example is Neufast, a venture-backed technology company providing an enterprise software platform that uses AI for multilingual video interviews and talent assessment. Its platform is designed to help large companies improve candidate screening and recruitment processes.

Another company, InnoBlock Technology Limited, provides AI- and blockchain-powered sustainability solutions. Its technology has been used to support a Malaysian enterprise in developing its carbon ecosystem through digital verification, carbon management and data-driven systems.

These examples demonstrate how Hong Kong-based technology companies are beginning to use Malaysia not only as a sales market but also as an entry point to broader regional opportunities.

Among the 11 companies participating in the Kuala Lumpur delegation were Aerovision Technology, Bcnetcom, Cogniser Infotech, Comba Telecom Systems, InnoBlock Technology, Insight Robotics, Locolla, Neufast, Reunite, TAXIECO NEW WORLD and Waste & Environmental Technologies.

Four companies — Bcnetcom, InnoBlock Technology, Insight Robotics and Neufast were specifically selected to present their technologies at the HKSTP Pavilion.

Their participation reflects growing demand across ASEAN for technologies that can improve automation, environmental sustainability, digital services and enterprise efficiency.

HKSTP Chief Ecosystem Development Officer Eric Or described Malaysia as one of ASEAN’s dynamic innovation markets and said the country offers significant opportunities for technology companies pursuing regional growth.

HKSTP said its wider ecosystem supports technology ventures through funding, research infrastructure, business networks, mentorship and commercialisation services, helping companies move from research and product development towards international expansion.

The organisation is positioning itself as a connector between technology developers, investors, corporations and governments across Asia.

That approach could become increasingly important as companies from Hong Kong and the Greater Bay Area look for Southeast Asian locations that offer market access, industrial infrastructure, talent and regional connectivity.