Shenzhen's Huaqiangbei connects Chinese smart tech with global consumers

BEIJING , Aug. 18, 2026 /PRNewswire/ -- A report from People's Daily: At 9 a.m., the streets and alleys of Huaqiangbei in Futian district, Shenzhen, south China's Guangdong province, are already coming alive. SEG Electronics Market, the Electronic Technology Building and other shopping centers are opening their doors one after another. Stalls are packed with an array of smart electronic products, while buyers and tourists from around the world weave through the markets with suitcases in tow, exploring and trying out the latest innovations. Known as "China's No. 1 Electronics Street," Huaqiangbei is home to 35 specialized markets and more than 115,000 businesses. It supplies more than 1 million types of electronic components and consumer electronics to markets around the world, making it a major global hub for electronics and technology consumption. According to Chen Jiongwen, Party chief of Huaqiangbei subdistrict, the area receives an average of 750,000 visitors a day, including more than 8,000 international visitors, while foreign trade accounts for more than 70 percent of sales for most merchants. Indian businessman Mall Kaoyou arrived with his suitcase and a clear goal in mind: