Hong Kong Toycar Salon 2023 enters the world of artificial intelligence. Photo Credit: Market Hubs
Set for 22 to 24 September 2023 at Kowloon’s The Space at D2 Place
One, the third edition of the Hong Kong Toycar Salon (HKTCS) returns to
connect brands, licensors, and buyers, offering car aficionados a look
at the model car, figurine, and global diorama scene.
This year, HKTCS is diving into the world of artificial intelligence
(AI) and generating 34 distinct AI racers – designed with help from
ChatGPT, Mid Journey, Stable Diffusion, and Adobe Firefly – to be used
as event ambassadors and to support the growth of AI in the toy car
industry.
Noting that AI can save exhibitors time and costs, and support
creativity, Market Hubs managing director and Hong Kong Toycar Salon
curator, Lierence Li, said the AI-powered Toycar Salon is going to
“work” better than previous years’ themes which mined the so-called
Metaverse and NFTs simply because it is more functional in the real
world.
“It’s unique because AI is more grounded. We can use it for TV shows,
to generate content and to answer customer services demands and so on.
This is realistic,” added Li. “The Metaverse is non-centralised, a
little more removed from daily life. And the negative perception of NFTs
is thanks to the idea that it’s easy money and a bit of a scam. AI is
part of daily life. You can’t get away from it.”
The help of AI
For HKTCS this year, not only is AI fostering international
collaboration with industry stakeholders such as copyright holders, car
manufacturers, and designers – including major players Mattel and Tomica
– the show combines both B2B and B2C platforms, the only show in Asia
to so.
The speed with which AI can demonstrate such collaborations for all
market players is HKTCS’s trump card, especially in expanding markets
such as Indonesia and Thailand.
Li said that getting consumers and professionals alike to separate AI
from the Metaverse and NFTs is tricky – especially in Hong Kong. “I do
worry about that. They were all buzzwords at one time and so I worry
about how we compete with Singapore and other parts of Asia that are
less technologically conservative and more educated about the tech.”
A model toy car: the beauty of being small. Photo Credit: Market Hubs
Needing more space
Some challenges facing the Toycar Salon’s growth are venue diversity
and availability. Li pointed out that the shortage of medium and
small-sized exhibition venues in Hong Kong could lead his show to other
regional cities. For Li, and other SME shows such as Toycar Salon, the
key is balancing space size and costs.
“For shows that combine B2B and B2C, hotels are inappropriate and not
cost effective for SMEs. Kowloonbay International Trade &
Exhibition Centre (KITEC) is scheduled for demolition and the Hong Kong
Convention & Exhibition Centre (HKCEC) is perpetually booked solid,”
said Li, who believes this year’s visitor count for Toycar Salon could
exceed the 13,000 of 2022. On top of the loss of KITEC, expansions to
existing venues such as HKCEC are still years away.
“I can see a lot of mid-sized shows with potential to grow bigger but
with nowhere to go, but venues in Taiwan, Macau or Singapore are
interested in hosting – either by relocating or hosting subevents. It’s
something to consider for growing shows.”