Huaqiangbei, located in Futian District, Shenzhen, Guangdong Province, is commonly referred to as Huaqiangbei Street. It serves as a showcase for the achievements of the Shenzhen Special Economic Zone's reform and opening up. Along with Beijing's "Zhongguancun," it is recognized as one of China's two major centers for the electronic information industry. What impresses and fascinates people the most about Huaqiangbei in Shenzhen is the abundance of billionaires. Mr. Song Shiqiang from Slkor will provide an explanation for everyone!

Original article by Song Shiqiang on Huaqiangbei: "The Past, Present, and Future of Huaqiangbei in Shenzhen"

Mr. Song Shiqiang, General Manager of Kinghelm (www.kinghelm.net) and SLKOR Micro (www.slkormicro.com), analyzed that first and foremost, Huaqiangbei is a land of wealth with abundant resources. Huaqiangbei, located in the Futian District of Shenzhen, Guangdong Province, is commonly known as the Huaqiangbei Street. It serves as a showcase of the achievements of the Shenzhen Special Economic Zone's reform and opening-up policies and is recognized as one of China's two major centers for the electronic information industry, alongside Beijing's Zhongguancun. 

What leaves a deep and lasting impression on people about Huaqiangbei is the abundance of millionaires and billionaires. Huaqiangbei covers a core area of approximately 1.45 square kilometers and has been designated as the "China's No.1 Electronics Street" by the China Electronics Chamber of Commerce. It is a hardware distribution center for electronic components and information products, hosting over 50 specialized markets. The Huaqiangbei commercial district serves the surrounding communities and the people of Shenzhen, featuring prominent shopping malls such as Century Union, Junshang Department Store, Maoye Department Store, and Jiufang. 

Most notably, Huaqiangbei is home to over 60,000 enterprises (including about 600 large-scale enterprises) and has over 400,000 individual businesses, employing nearly 500,000 people. The key characteristic of Huaqiangbei is the abundance of small but highly energetic companies. The annual transaction volume in Huaqiangbei reaches approximately 200 billion RMB, and its core area generates a GDP of over 100 billion RMB per square kilometer. The physical businesses in Huaqiangbei surpass many financial districts, rivaling the famous Yuehai Street and outperforming developed commercial streets in cities such as Singapore's Orchard Road, Hong Kong's Causeway Bay, and the United States' Fifth Avenue in terms of economic output per unit area.

Huaqiangbei Pedestrian Street, featuring SLKORMICRO electronic display advertisements

Huaqiangbei has created numerous commercial miracles. The "One-meter Counter of Huaqiangbei" has produced over 60 billionaires. Wanjia Department Store boasts the highest sales per square meter in the global retail industry, with a daily turnover of up to 3 million yuan in its 3,000 square meter supermarket. During its heyday, Huaqiangbei attracted over 800,000 visitors daily. A 9-square-meter shop in the old Huaqiang Electronics Market required a staggering 300,000 yuan just for tea expenses. In 2005, street-facing shops on the ground floor of SEG Plaza were sold for as high as 300,000 yuan per square meter. China's richest person, Ma Huateng, with a personal fortune of around 400 billion yuan, and his company Tencent, initially operated in SEG Science and Technology Park, and they flourished in Huaqiangbei! (To be continued)

SLKORIC opens its second flagship store in Huaqiangbei, Shenzhen

Mr. Song Shiqiang, a research fellow at the Economic Development Center of the State Council, is an expert in private economy and a member of the Electronic Information Expert Pool of the China Association for Science and Technology. He is also a columnist, science popularizer, and a specialist in commercial research in Huaqiangbei. Previously, Mr. Song served as the CEO of an international real estate listed company. Currently, he invests in and operates Shenzhen SLKORIC Semiconductor Co., Ltd. and Shenzhen Kinghelm Electronics Co., Ltd., building the SLKOR brand for SLKORIC and the Kinghelm brand for Kinghelm. Both SLKORIC and Kinghelm are national high-tech enterprises and have obtained dozens of invention patents and software copyrights. SLKORIC is one of the rapidly growing and stable semiconductor companies in China, with a vision to become a leader in the semiconductor industry.

The article "The Past, Present, and Future of Shenzhen Huaqiangbei (Volume 2) - Slkor, Song Shiqiang" by Slkoric and Song Shiqiang has been reprinted by Dow Jones.

Mr. Song Shiqiang has been continuously devoted to studying and researching Huaqiangbei, contributing to the contemplation and development of Huaqiangbei in Shenzhen. His research articles on Huaqiangbei, including "Research on Huaqiangbei," "Transformation and Development of Huaqiangbei," and "Refuting Bloomberg's News on Huaqiangbei," have been reprinted by major media outlets such as People's Daily, Xinhua News Agency, Associated Press, and Yahoo News. Recently, the original article "The Past, Present, and Future of Shenzhen Huaqiangbei (Volume 2)" by Slkor and Song Shiqiang was reprinted by Dow Jones. The article provides a comprehensive overview of the development of Huaqiangbei since the start of China's reform and opening-up, presenting rigorous arguments and insightful analysis. The reprinted article on Dow Jones MarketWatch is titled "The Past, Present, Future of Shenzhen Huang Qiang Bei (Volume 2) - Slkor, Song Shiqiang" (original link: https://www.marketwatch.com/press-release/the-past-present-future-of-shenzhen-huang-qiang-bei-volume-2----slkor-song-shiqiang-2023-05-02).