Shenzhen named as top 5 start-up hub, Hong Kong nowhere in sight

Shenzhen residents take part in morning exercises. The city has been named an 'emerging startup hub' by Inc magazine. Photo: Reuters
China's southern boomtown of Shenzhen could be the "Silicon Valley for hardware makers", according to a ranking of emerging start-up hubs around the world by well-respected US magazine Inc.  
Shenzhen, which neighbours Hong Kong, is already home to a number of major tech firms, including Chinese web giant Tencent, drone maker DJI, and smartphone manufacturer OnePlus
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