Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Technology

Huaqiang North changes tack

By Chai Hua and Pei Pei in Shenzhen, Guangdong | China Daily | Updated: 2020-02-12 10:12
Share
Share - WeChat
A boy checks out a 5G-supported video game using a virtual reality headset at the Huaqiang North Electronics Market in Shenzhen, Guangdong province. [Photo provided to China Daily]

Electronic market in Shenzhen plans to move up the ladder by nurturing high-end startups

Huaqiang North Electronics Market in Shenzhen, a major market for electronic products in China, is trying to incubate high-end hardware startups and independent-design brands.

Its comprehensive and diversified offerings of electronic components and terminals have attracted nine hardware incubators so far, including international and domestic outfits.

One of the latest incubators which have settled in is Blackark International Smart Hardware Innovation Center, supported by State-owned enterprise China Electronics Corp, one of the world's top 500 companies.

"Besides offering working space and equity investment, we also provide research equipment for startups to develop advanced technologies and industrial chain resources for small production," said Li Xinyang, general manager of Blackark.

He noted they are also cooperating with San Francisco-based HAX Accelerator, one of the world's largest hardware incubators which set up an office in Huaqiang North as early as 2011.

The plan is to co-cultivate 100 smart hardware enterprises in three years, he said.

Establishing hardware incubators in Huaqiang North Street is a win-win for both the startups and local electronics vendors.

Taking advantage of the abundant supply of resources, budding high-tech firms can quickly launch their technology in targeted markets.

Lu Yue, chief executive of Shenzhen Yaokan Technology Co Ltd in Blackark, cited a client from India who came to them looking for an intelligent camera, but they did not have any camera suppliers at that time.

"So I just went downstairs to have a look at the electronics market and found about five reliable suppliers. Their manufacturing ability and price advantages really surprised me," he said.

Cooperating with those newcomers also serves as a chance for traditional manufacturers and suppliers to upgrade their abilities.

Hu Laixi, manager of Longsheng Accessories Professional Market, one of the largest cell phone accessories vendors in Huaqiang North, said the startups not only drive new orders but also provide an opportunity for stores to transform their business models.

"Impacted by e-commerce and sluggish sales of digital widgets, some tenants were forced to pull down the shutters. Those who survived mostly have their own factories and the strength to upgrade," he said.

Ai Feifei, an official of the street authority, explained that "hardware innovation is our new direction of branding in the future and it could be established by bringing in more and more hardware incubators."

Looking back to the very beginning of the street's history, Ai noted its business started with electronic manufacturing and then moved up to wholesale goods. That still accounts for more than half of total revenue.

He added its history has laid a robust foundation to develop innovative hardware startups, which will in return promote general business on the street to step up the industrial chain.

Some homegrown vendors are also thriving in transforming themselves into new representatives of Huaqiang North Street.

Xu Yong, a former vendor at the electronics complex, established his own brand Remax in 2008.

So far, it has developed about 3,800 kinds of products in 700 categories, such as mobile phone cases, cables and power banks, by a team of more than 100 designers.

Their sales volume has hit 5 billion yuan ($717 million) so far. Their cool and fashionable products are sold in more than 6,300 shops in over 120 countries and regions.

"Huaqiang North market helps us set off to global markets quickly because many foreign buyers like to come here and they bring our products to Asia, Europe and the Americas," Xu said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 大佬和我的365天2在线观看| 欧美乱xxxxx| 国产成人小视频| asspics美女裸体chinese| 日韩a一级欧美一级| 亚洲欧洲美洲无码精品VA| 精品国产一区二区三区无码| 国产成人亚洲综合| 91福利免费视频| 强行交换配乱婬bd| 久久国内精品自在自线400部o| 欧美综合区自拍亚洲综合图区| 又爽又黄又无遮挡的视频| 黑人异族日本人hd| 国产美女视频网站| 一区二区三区日本| 日本中文在线视频| 亚洲丝袜第一页| 激情综合网婷婷| 又大又粗又爽a级毛片免费看| 黄录像欧美片在线观看| 国产韩国精品一区二区三区久久| 一级毛片在线观看免费| 日本爽爽爽爽爽爽在线观看免 | 女人18毛片a级毛片免费视频| 久久久久久曰本av免费免费| 欧美xxxx做受性欧美88| 亚洲精品中文字幕乱码三区| 精品久久天干天天天按摩| 国产一级淫片视频免费看| 国产h视频在线| 国产精品公开免费视频| 99国内精品久久久久久久| 帅教官的裤裆好大novels| 久久一本精品久久精品66| 最近2019中文字幕mv免费看| 亚洲日韩在线视频| 爱呦视频在线播放网址| 农村妇女色又黄一级毛片不卡| 色妞WW精品视频7777| 国产女主播福利在线|