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Cai Wensheng: The AI-Web3 Entrepreneurship Center He Built Has Reached Full Capacity, Providing the Industry with a Better Entrepreneurial Environment
BlockBeats News, November 4th, Meitu founder Cai Wensheng stated at Hong Kong Fintechweek 2025 that the previous HK$650 million investment to buy the entire building in Tin Hau to create an AI-Web3 startup center was to make a statement. The goal is to provide an incubation space for startups in the heart of Hong Kong, with the building just one minute away from the subway station and convenient dining and accommodation options. The building is now fully occupied by AI and Web3 companies. Cai hopes that other real estate developers will also tap into this trend to provide a better entrepreneurial environment for Hong Kong's AI and Web3 industry. Hong Kong's abundant talent pool has already laid the foundation for the future incubation of startups, and Cai also hopes that the government can provide more guidance to the private and industry sectors to support the development of the AI and Web3 industries.
Cai Wensheng also mentioned that the market value of native cryptocurrencies is currently around $4 trillion, with the potential to grow by at least 10 times in the next 10 years. Even if the market value reaches $40 trillion in the future, there is still room for growth compared to the trillions of traditional assets.
Earlier, on May 1st, it was reported that Cai Wensheng had purchased the entire commercial building in the Tin Hau area of Hong Kong targeted at the Ginza-style commercial building on Tin Hau Road, "PARK AURA." The property was completed in 2020, with 25 floors (basement to 24th floor) and a single floor area of approximately 2,041 square feet, with a total floor area of about 53,000 square feet. Cai Wensheng plans to transform the building into an AI-Web3 startup center: the 1st and 2nd floors will house an AI-themed café (similar to a garage café model) with a lecture space for AI technology. Some floors will be designated as AI-Space shared office space, free for Hong Kong entrepreneurs to apply for. The remaining floors will be planned as studios in the AI and Web3 fields.
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