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: 国产精品无码免费视频二三区 | 国产亚洲人成在线影院| aaaa级少妇高潮大片在线观看| 日本韩国中文字幕| 亚洲欧美日韩人成在线播放 | 综合久久久久久中文字幕| 国产激情视频一区二区三区| a级毛片免费播放| 成人综合国产乱在线| 久久综合九色综合网站| 欧美日韩在线观看视频| 免费在线观看黄网站| 色片免费在线观看| 国产日韩一区二区三区在线观看| 99国产精品热久久久久久夜夜嗨| 成人精品视频99在线观看免费 | 国产精品视频不卡| а√天堂资源官网在线资源| 日本免费一区二区在线观看| 亚洲乱码一区av春药高潮| 波多野结衣和邻居老人| 北条麻妃一区二区三区av高清| 麻豆va在线精品免费播放| 国产精品无圣光一区二区| a级国产乱理伦片在线播放| 成人精品免费视频在线观看| 久久天天躁狠狠躁夜夜爽| 欧美人与动人物姣配xxxx| 亚洲精品中文字幕乱码| 百合潮湿的欲望| 又大又粗又爽a级毛片免费看| 阿v免费在线观看| 国产成人精品无码一区二区| 1313苦瓜网在线播| 在线a免费观看| jizz18免费视频| 影音先锋在线_让看片永远陪伴| 丰满少妇高潮惨叫久久久| 日本黄网站动漫视频免费| 亚州三级久久电影| 欧美人与动交片免费播放|