Global entrepreneurs view Shenzhen as tech hub that can turn ideas into reality

Creative ideas from all around the world can be realized with the help from professional engineers, complete industrial chains and rich application scenarios in south China's tech hub of Shenzhen in Guangdong Province.

At Shenzhen Robot Valley, a major robot and AI industrial chain cluster, teams from multiple Southeast Asian countries like Singapore, Vietnam and Malaysia were paying a visit to know more about the latest developments of the high-tech sector.

"Since June, we've received more than 200 groups of clients here, over 90 percent of them from overseas," said Liu Tuo, head of Shenzhen Tuoji Technology Co., Ltd.

Liu said his company has set up a robot open-source platform where they've gathered relevant information on the industrial chain. Their overseas clients can get to know them online and then visit their off-site office. This year, more than 100 entrepreneurs from overseas have already used this platform to establish themselves in Shenzhen.

"In other places, it used to take me one month for iteration. In Shenzhen, I can get like four iterations per month. When I have some problems that I am not able to solve, and here, they have an engineer for every single task that you may get it done," said Gilberto, a Mexican entrepreneur.

China's comprehensive manufacturing ecosystem and diverse real-world applications enable entrepreneurs to continually bring new technologies into factories, then take the challenges they encounter back to the research and development process.

A strong innovation ecosystem isn't about owning every technology, it's about sharing expertise openly and helping one another succeed by drawing on the strengths of companies and countries around the world.

"Shenzhen is a very open and inclusive city. So if you have a new idea, you can work with suppliers in Shenzhen to bring it to life together," said a foreign entrepreneur.

Global entrepreneurs view Shenzhen as tech hub that can turn ideas into reality

Major tech shares in Tokyo offered a stark contrast to the rest of the region on Friday, with the Nikkei 225 gaining 0.5 percent and finishing the week up around 6.5 percent, making its strongest weekly performance in five months.

Timothy Pope, a market analyst at China Global Television Network (CGTN), recapped the market dynamics in Tokyo, noting it had performed far stronger than other regional benchmarks.

"The Nikkei 225 gained 0.5 percent today, and it's up around 6.5 percent for the week -- its strongest performance in five months. That wipes out all of last Friday's enormous losses. You might remember the index plunged almost 6 percent last Friday. What's interesting is that Japanese chip-related stocks have performed pretty well even today, despite Nvidia's sell-off on Wall Street overnight. Advantest gained 2 percent, and Tokyo Electron added 1.7 percent, both of those companies benefiting from investment in AI hardware, and also, both of them with business ties to Nvidia. SoftBank, though, was the big exception. It fell more than 5 percent," said the analyst.

Tokyo stocks posts strongest week in five months: analyst