Start-ups in Shenzhen have access to thousands of factories that are capable of turning product batches from prototypes in a matter of days. Compared to its Western neighbors Shenzhen has a greater iteration rate. This simply means innovating an idea in this city is a lot faster.
The municipal government of Shenzhen, China's southern technology hub, plans to boost the city's computing resources to prop up local artificial intelligence (AI) development initiatives, as a global arms race to build ChatGPT-like technologies intensifies.
For example, Shenzhen, a city bordering Hong Kong in the southeast, has evolved as a hub for the electronics industry. It has cultivated an ecosystem to support the manufacturing supply chain, including component manufacturers, low-cost workers, a technical workforce, assembly suppliers, and customers.
Due to the city being a leading global technology hub, Shenzhen is sometimes called China's Silicon Valley in the media. The city's entrepreneurial, innovative, and competitive-based culture has resulted in the city being home to numerous small-time manufacturers or software companies.
It is a significant transport hub in the Belt and Road and Asia-Pacific. Shenzhen has an international deep-water port, an international airport, and the largest land boundary control point in Asia, as well as expressways and freight and passenger railways of national importance.
Shenzhen has a particular advantage in the design of light industrial products, including watches and clocks, medical instruments, telecommunication products, electronic products, toys and furniture. Shenzhen has more than 6,000 design firms with over 100,000 employees, the most attractive city for young designers.
Thanks to more than 40 years of development, Shenzhen has become the largest city in the GBA in terms of GDP. As a city strong in technological innovation in the world's second-largest economy, Shenzhen has topped the list of Chinese cities by competitiveness and creativity for years.
That year, it was declared a special economic zone, which opened the city to foreign investment, technology, and managerial expertise through the establishment of foreign-owned, joint-venture, and other business enterprises. From 1980 the city grew at a phenomenal rate, a rate known in China as “Shenzhen speed.”
London has recently been named the tech capital of the world, batting away the silicon valley-boasting San Francisco, as well as the likes of New York and Singapore.
Globally, Baidu, Alibaba, Tencent, and Xiaomi (BATX) are the Chinese equivalent of the Big Five. Big Tech can also include smaller tech companies with high valuations such as Netflix, or non-tech companies with high-tech practices such as the automaker Tesla.
Nearly 50 years ago, Shenzhen was little more than a market town, but it has evolved into a city of more than 12 million people and one of China's top retail destinations. Many visitors arrive in Shenzhen to take advantage of its multitudes of shopping centers and stores that sell just about anything you can imagine.
The emirate's economy is extremely diversified and strong in a number of industries, such as basic materials, lodging, financial services, oil and gas, real estate, retail, and transportation. Shenzhen is home to 43,600 millionaires, including 135 centi-millionaires and 17 billionaires.
Shenzhen hosts a third of third-party Chinese sellers on Amazon and is estimated to be the city with the largest number of Amazon sellers anywhere in the world.
Over the last three decades, Australia has created a strong and diverse tech sector that has launched globally successful companies, including Atlassian, Canva, Afterpay, WiseTech, SEEK, REA, Airwallex, Nearmap, SafetyCulture, Go1, Culture Amp, Employment Hero and more.
Melbourne is Australia's technology hub and is home to more than half of Australia's top 20 technology companies.
Foxconn produces some iPhones, iPads and Macs in Shenzhen. However, almost 50% of iPhones are produced at a factory in Henan province, according to a Bank of America research note Monday.
As the focal point of Sydney's innovation and technology community, Tech Central is a vibrant innovation and technology precinct in the heart of Sydney's CBD, with strong links to international markets, Greater Sydney, and the rest of NSW.
Silicon Valley, industrial region around the southern shores of San Francisco Bay, California, U.S., with its intellectual centre at Palo Alto, home of Stanford University.
Silicon Valley is the biggest hub of the IT industry in the world. It is situated in California, USA.
While Shenzhen is very urban, it does have a fair amount of urban open spaces and protected areas. More than 1,000 parks have been established in an effort to improve the city's ecological environment. In fact, the ecological space, which accounts for about 50% of the city's land area, has been protected.
Ma Huateng, who also goes by Pony, is the richest man in Shenzhen. He's worth US$25 billion, making him the fourth-wealthiest man in China, according to Forbes. Several of the wealthiest individuals in Shenzhen moved to the city before becoming billionaires, according to Gu.
Backed by Deng's commitment to economic reform and opening up, and riding on the tide of globalisation which started in the 1990s, Shenzhen capitalised on the country's once vast supply of cheap labour and its proximity to Hong Kong to quickly balloon into a major manufacturing base, especially in electronics, in the ...
How many levels are in City Tier? The city tier is classified into 4 levels. 1) First-tier cities comprising Beijing, Shanghai, Guangzhou, and Shenzhen.
Shenzhen is China's coolest, cleanest and most livable city. In 2019, Lonely Planet ranked Shenzhen as second in the world in the list of top 10 cities to visit. Shenzhen has a slightly higher cost of living than most cities in China but it is cheaper than 67% of cities in the world.