3/27/2023 0 Comments Factory town start state![]() It just made natural sense to start here," said Carl Pei, the 26-year-old co-founder of Android smartphone maker OnePlus. ![]() All your suppliers are here, all your spare parts are here. "For us, everything is made here in Shenzhen or in the surrounding areas. BGI, the world's biggest gene research center, and Kuangchi Science, the main investor in New Zealand jetpack maker Martin Aircraft, are also based here.Įmerging industries such as information technology, biotech, green energy and new materials now account for about 40 percent of Shenzhen's economic output, Mayor Xu Qin said last month, according to state media. 1 supplier of civilian drones, inspiring local rivals such as Xenosky and Flypro. So do rising stars like DJI Technology Co., the world's No. "Shenzhen is becoming the new frontier for technology because it has the infrastructure for whoever wants to turn their ideas into products," said Eric Pan, founder of Seeed Technology, a contract manufacturer for "makers"-tinkerers, hackers and inventors.Įstablished tech giants such as telecom gear makers Huawei and ZTE and internet company Tencent call Shenzhen home. Innovative new companies are drawn by Shenzhen's well-established manufacturing supply chains and transport links, proximity to Hong Kong's banking and financial expertise, and better traffic, milder weather and less air pollution than Beijing and Shanghai.Įdible worms, pingpong bots: Startups find mecca in Shenzhen: /news/2016-05-edible-w … g-bots-startups.html Now the focus is on higher value-added, homegrown technology. ![]() But low cost manufacturers like Apple supplier Foxconn have been moving inland or out of China as labor costs increased. Now a sprawling megacity of 11 million people, its fortunes were made churning out cheap clothes, electronics and toys for big foreign brands. Many are led by a new wave of young Chinese entrepreneurs hoping to build global brand recognition.ĭivided from the former British colony of Hong Kong by a river, Shenzhen has been the preferred laboratory for experiments by China's communist leaders since reformist Deng Xiaoping designated the tranquil area as the country's first "special economic zone" in 1979. The metropolis teeming with millions of migrant workers is home to some of China's biggest and hottest companies. Once a collection of fishing enclaves next door to Hong Kong, Shenzhen has become the epicenter of China's manufacturing-driven miracle is staking its future growth on finance, technology and culture.
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