Tencent's Ma Proposes Bay Area-Like Tech Zone in South China
- Area to include Hong Kong, Macau and help maintain stability
- Ma advocates using Chinese capital to acquire overseas content
Pony Ma.
Photographer: Xaume Olleros/BloombergThis article is for subscribers only.
Tencent Holdings Ltd.’s Chairman Ma Huateng proposed to build China’s own Bay Area equivalent with a technology zone in southern China that would include the financial center of Hong Kong and gambling city of Macau.
China’s fourth-richest man said on Friday that setting up a “Guangdong-H.K.-Macau” technology area could help maintain stability in the two former colonies. Ma was speaking at a press conference two days before the National People’s Congress convenes in the capital to set the year’s agenda.