Shenzhen has not only helped new businesses break out of their shell, but has also nurtured many of China’s world-class technological enterprises, especially in the global smartphone industry.
Thanks to designs with large displays and advanced camera functions, Chinese cellphone makers have now become increasingly popular among overseas customers. While producing handsets for global customers, Chinese companies from Shenzhen have also ventured into infrastructure for mobile services to get local people connected to the wider world.
Heart of innovation
Building up their businesses from almost nothing, some of Shenzhen’s tech firms used to battle for their share of the market with low-priced copycat products. Cheap, low-end and fake were among the words most commonly used to describe their products.
With years of robust market competition and development, that image has changed. Innovation has been a key factor in forcing the change.
First released in 2011, WeChat is a social media mobile application software developed by Shenzhen-based Tencent. The company said earlier this month that the app now has 902 million active daily users, among whom hundreds of millions are outside China. For many users, WeChat has simply become a way of life.
Meanwhile, as more and more foreign countries have approved the use of Chinese mobile payment services, many Chinese tourists have begun to use WeChat Pay instead of cash when they travel abroad. According to Zheng Hongmin, who is in charge of WeChat Pay’s operations in the Asia-Pacific, WeChat Pay is now available in 19 countries and regions to make payments in 12 currencies.
The local government in Shenzhen has also put forward many preferential policies to make sure that the city can attract more talent, including more generous subsidies and allowances and better scientific research conditions.
Next year marks the 40th anniversary of the start of China’s reform and opening-up policy. Four decades ago, few could imagine that such a tiny fishing enclave would become a hub for tens of thousands of startups and host to some of China’s most successful tech companies. It is a miracle of a collective and continuous endeavor.
With its spirit of openness and innovation, the city, driven by the hopes of hundreds of thousands of people will continue to create miracles. (Source: Shenzhen Daily)
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