audreypc
Posts: 2
Joined: 3/2/2008
From: Hong Kong
Status: offline
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Why Setup in Hong Kong ? To open an Asian headquarters in Hong Kong to oversee the mega-retailer's operations on the continent. The reasons why the world's largest chainstore chose Hong Kong as commented by their CEOs : "Hong Kong is the perfect location from which to operate a regional headquarters for Asia, as it is centrally located and offers ready access to markets across the region. It is a great staging area from which to manage our current portfolio and potential future expansion." The American discount giant had also considered Shanghai and Singapore but decided on Hong Kong as the location of its Asia regional headquarters since Hong Kong was geographically superior to the other two cities and offered an abundant pool of talent.
Over the years, Hong Kong has been the most popular location in Asia for companies from around the world to establish a regional hub. Some 3,900 overseas and Mainland companies operate regional headquarters or regional offices in Hong Kong.
Advantages that Hong Kong offers - "With an abundant pool of talent and professionals in the city, they are able to recruit the right local staff for our regional headquarters. In addition, Hong Kong is equipped with excellent transportation, communications and technology infrastructure, which are essential tools for our regional management team."
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Martinal D. Quan
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