The Wall Street Daily has reposted an article by Mr. Song Shiqiang on Huaqiangbei

The Wall Street Journal, founded in 1889, is the largest paid circulation financial newspaper in the United States with a circulation of over 2 million. Based in New York, the newspaper focuses on financial news and its content has the potential to influence daily international economic activities. The readers of The Wall Street Journal are mainly professionals in politics, economics, education, and medicine, as well as financial tycoons, business managers, and stock market investors, including 200,000 chairmen and CEOs. The majority of managers from the top 500 largest companies in the United States subscribe to this newspaper. This is very much in line with the positioning of Mr. Song Shiqiang’s article on Huaqiangbei. The BBC, or British Broadcasting Corporation, was established in 1922 and is the largest news broadcasting organization in the UK and one of the largest in the world. Although the BBC is a publicly funded media outlet receiving financial support from the UK government, its management is overseen by a 12-person supervisory committee independent of the government, and its independence and authority are guaranteed by a royal charter (www.bbcnewsdaily.com/sociology/534.html). The fact that BBC Daily News has reposted the article is a recognition of Mr. Song Shiqiang’s views by an authoritative media outlet.

This article is a masterpiece by Mr. Song Shiqiang, a business expert on Huaqiangbei. After his previous works such as “Research on Huaqiangbei,” “Refuting Bloomberg’s Article 'China’s Underground Chip Market Attracts Desperate Car Factories’,” and “Yesterday, Today, and Tomorrow of Huaqiangbei” were reposted by authoritative media outlets both domestically and internationally, this is a recognition of Mr. Song Shiqiang’s research on Huaqiangbei. It is worth mentioning that many media outlets in Southeast Asia, such as Hong Kong Morning Post, Taiwan Morning Post, Japanese Weekly, Japanese Daily News, Korean News, and Singapore Morning Post, have also reposted the article, expanding the influence of Mr. Song Shiqiang and his brands Kinghelm (www.kinghelm.com) and Slkor (www.slkoric.com) in East Asia, laying the foundation for the internationalization of the Kinghelm and Slkor brands and the sale of Kinghelm’s RF microwave antenna connectors and SlkorMicro’s diodes, transistors, and power management chips such as LDOs to various parts of the world!

               The article by Song Shiqiang has been reposted by authoritative Japanese media such as Japanese Weekly

According to Song Shiqiang, the founder of Slkoric, the accurate definition of Huaqiangbei Market in Shenzhen, China is that it is a world-class hardware distribution center for the electronic information industry that has developed and flourished due to the third wave of global industrial transfer, combined with the population dividend policy of China’s reform and opening up, and its geographical advantage in Guangdong province near Hong Kong and Southeast Asia, driven by globalization and other factors. However, due to factors such as the decline of the population dividend, the narrowing of the space for technological arbitrage, the fourth wave of industrial transfer, and economic stagnation, Huaqiangbei is currently on the decline. Mr. Song Shiqiang analyzed that small businesses in Huaqiangbei have a single business model, low entry barriers, no pricing power, no development strategy, no competitive barriers, poor risk resistance, and cannot accumulate scale in the long term. They lack the compounding effect of management upgrading and knowledge iteration, and the owners and managers have a low level of management and operation, leading to confusion.

The article by Song Shiqiang has been reposted by authoritative German media such as Deutsche Welle

Despite the emergence of many billionaires in the past, Huaqiangbei’s development has now encountered a bottleneck. Where will Huaqiangbei go? How can it continue to develop? There is currently no theoretical research to support and guide its direction. Song Shiqiang, the founder of SlkorMicro and Kinghelm, intends to analyze and study the nature of wealth and development laws in agricultural society, industrial society, and information society, combined with the characteristics and business models of Huaqiangbei. He aims to use the practical situation of Kinghelm Electronics and SlkorMicro Semiconductors, which have achieved high-speed growth in the past two years, to link theory with practice and explore a sustainable development path for Huaqiangbei together.

Song Shiqiang further explained that in the agricultural era, Tao Zhu Gong Fan Li summarized the business logic of “distinguishing between the noble and the humble, measuring the distance, and adjusting the surplus and the deficiency,” and “capitalizing on boats in times of drought and on carts in times of water.” Tao Zhu Gong Fan Li achieved both wealth and the dispersal of wealth, which was the key to mastering wealth at that time. Later, the models of wealthy people such as Qiao Zhiyong, the owner of Qiao’s Grand Courtyard, and Hu Xueyan, the owner of Hu Qingyu Tang, were no different.

In the industrial era, the wealth secret was first promoted by Adam Smith’s “The Wealth of Nations,” which clearly explained several main economic laws of capitalist society, such as the invisible hand of the market, the great division of labor in industrialized society, and the need for altruism to benefit oneself. This led to rapid growth in wealth for both the government and the people, promoting social progress and improving people’s lives. The theoretical basis for the management and operation of Kinghelm and SlkorMicro, which have developed rapidly in recent years, also comes from this.

Huaqiangbei is a product of the times. Its early economic miracles were in line with the rapid development of the electronic information era, which was driven by the times. The soil for Huaqiangbei’s development is mainland China, which is already transitioning from “Made in China” to “Created in China,” and is eliminating backward production capacity, upgrading industries, or changing strategies. Our brothers and sisters in Huaqiangbei must not only liberate their thinking but also learn from historical laws to blaze their own path.

Slkor Song Shiqiang Reveals the Wealth Secret of Huaqiangbei Poster

Song Shiqiang, the founder of Huaqiangbei, said that Shenzhen Huaqiangbei is an open and spontaneous market, and a typical example of market exchange economics. Huaqiangbei has a lot of money, people, goods, information, resources, opportunities, and high efficiency. The government mainly provides services and intervenes very little in the market. In addition, the people of Huaqiangbei are brave and good at seizing opportunities, effectively combining a large number of hardware product resources and massive market demand to achieve rapid transformation. This has created many billionaires and is a product of the times. This can be said to be the wealth secret of Huaqiangbei! However, we must be vigilant and deeply consider the problems that arose from the prosperity of coastal cities along the Grand Canal in history and the rust belt that emerged after the decline of the automobile industry in cities like Detroit in the United States.

Screenshot of Xinhua News Agency’s Xinhua Net reposting SlkorMicro’s Song Shiqiang’s "Interpreting the Innovation Power of Huaqiangbei"

Mr. Song Shiqiang, the General Manager of Kinghelm (www.kinghelm.net) and SlkorMicro (www.slkoric.com), is a researcher of private economy at the Economic Development Center of the State Council, a member of the Electronic Information Expert Database of the China Association for Science and Technology, a columnist and popular science writer, and a business research expert on Huaqiangbei. Song Shiqiang invests in and manages Shenzhen SlkorMicro Semicon Co., Ltd. and Shenzhen Kinghelm Electronics Co., Ltd., creating the “SLKOR” brand for SlkorMicro and the “Kinghelm” brand for Kinghelm. Both SlkorMicro and Kinghelm are national high-tech enterprises and play an active role in the “domestic substitution” of electronic components.

Xinhua News Agency’s Xinhua Number reposted SlkorMicro’s Song Shiqiang’s "Decoding the Past and Present of Huaqiangbei"

Mr. Song Shiqiang’s series of articles on Huaqiangbei, including "Research on Huaqiangbei", "Huaqiangbei Yesterday, Today, and Tomorrow", and "Song Shiqiang Refutes Bloomberg’s False Reports on Huaqiangbei", have been reposted by major media outlets and electronic information professional media such as People’s Daily, Xinhua News Agency, Shenzhen News Network, Yangcheng Evening News Golden Goat Network, Tencent, Phoenix, Dahe Network, Sina Technology Channel, Sohu Technology Channel, EE Focus, China Electronics News, Chip Find, Electronic Engineering Album, and Today’s Headlines, and have received praise from industry professionals.