Huaqiangbei in Shenzhen stands as the world's largest electronics marketplace, spanning 1.45 square kilometers and hosting over 115,000 businesses. The district's development began in 1979, evolving from military-industrial factories into a vibrant commercial zone. Much of its success is attributed to migrants from the Chaoshan region, who utilized tight-knit family networks, informal credit systems, and supply chains linked to Hong Kong to dominate the trade. While the area previously relied on informal component sourcing and recycled materials from towns like Guiyu, it is currently pivoting toward artificial intelligence hardware and cross-border e-commerce. Despite challenges from online retail and traffic, the district remains a critical node for global electronics, benefiting from recent visa-free policies and tax incentives to attract international buyers and maintain its status as a premier industrial showroom.
Source : VnExpress International
Photo : VnExpress International
