Huaqiang North Commercial Area(Huaqiangbei) is located in Futian District, Shenzhen City, Guangdong Province,China. Its predecessor is an industrial area mainly producing

electronic, communication and electrical products. It has more than 40 factories. In Huaqiang North Road, 930 meters from north to south, 1560 meters from east to west, with a total area of 1.45 square kilometers.

With the development of economy, the regional function of Huaqiangbei has changed, and Huaqiang North Commercial has gradually become the largest electronic market in China. 

The government seized the opportunity of transformation in time, and began to transform Huaqiangbei commercial street in 1998, turning it into one of the most traditional and popular commercial areas in Shenzhen.

Huaqiangbei commercial district, as one of the first shopping street in China, was awarded the license by the State Administration for Industry and Commerce in 2000, and was awarded the honorary title of "China's first electronic street" at the opening ceremony of Huaqiangbei sub venue of the 10th high tech fair in 2008, marking the industry's confirmation of Huaqiangbei Commercial Street's leading position in the national e-commerce field.

Today, Huaqiangbei, a 900 meter long block along the main trunk road of the central axis, occupies more than 90% of Shenzhen's electronic and digital products trading share, and is the largest electronic products distribution center in Asia. 

Economies of scale

There are 717 business units along Huaqiangbei street, including more than 20 large shopping malls (21 with an operating area of more than 10000 square meters), more than 10000 individual taxpayers, 23 billion yuan of annual sales and 130000 employees. Huaqiangbei [2] as the first shopping street in China, was awarded the license by the State Administration for Industry and Commerce in 2000.

Industrial Distribution

In 717 business units, it has gathered dozens of industries, such as electronics, electrical appliances, communication, clock and watch matching, clothing, department stores, gold ornaments, bank securities, insurance, real estate, restaurants and hotels. Among them, there are 48 in electronic communication industry, 27 in banking and securities industry, 145 in clothing and general merchandise industry, 192 in catering industry, 7 in home appliance industry and 298 in other industries. As a result, Huaqiangbei has become a multi industry, multi format, comprehensive functional business aggregation.

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