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The Silicon Valley of the East

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The Silicon Valley of the East August 2017 henhenzhen SSThe Silicon Valley of the East August 2017 WeChat: Paper online: PAPER MAGAZINE PAPER www.neo-ads.com/paper 05 cover story 24 star chef Shenzhen used to be a backward fishing 25 yummy village. Today it is a bustling metropolis in South China, with plans to surpass the Silicon Valley in the near future. Paper Magazine 27 cheers explores why Shenzhen will replace Silicon Valley as the technology hub of the world. 28 cru Contact Tel: (8620) 8365 2811 08 city window 30 out n about Email: [email protected] Chief Operating Officer: LC Chau 10 arts & events 32 mice Director: Italiana Granni Consulting Director: Allan Au 12 fortune 34 living Editing Consultant: May Guan Editor in Chief: William Chia 14 jetsetter 34 cotchin Guest Editor: Ben Chu Financial Controller: Takuto Other than tech companies like Google 35 education Marketing Director: Shirley Tse and Facebook, Silicon Valley also has some Marketing Manager: interesting museums, places of attraction and 36 supremos Ambro Chow, Purple Liu cafes. Paper Magazine explores these quirky Designer: Joanna Kong places in Silicon Valley, every tech geek’s Paper Magazine caught up with renowned Publication Co-coordinator: heaven. mixed media artist Terry Dixon as he was Nana Cheung in Guangzhou for his inaugural exhibition Photographer: Luciano Kelly, Leona 16 auto at Redtory. The artist shared with us his inspirations for his artwork. Contributors: 18 eureka Allan CW Au, Anna G, Charmmy Choi, 38 destination Gregory Louraichi, GiGi Chik, 19 muse Jessie Huang, John Chu, Kenny Tan, 40 bulletin Kee Lee, Lena Liu, Peter Fenton, 20 fighting fit Roy Moorfield, Sukanya Mukherjee, 42 diary Yuyao.K. 23 athlete I recall fondly Paper Magazine’s Special Italy and France edition. coverage of the recommendation I love the designs of your places of attraction. However, we magazine which have been also face limitations to keep Jetsetter 5 improving with each edition. within specified word limits and Will the designs become even pages. However, there are plans more creative and better in or considerations to do extended future? coverages or special supplements of Jetsetter in the future. Stay tuned! Thank you for your continual support for Paper Magazine. It I love to read and I have been following Hello. I have some suggestions to warms out heart to know that Paper Magazine for many years. Do share with you. I find Star Chef to our readers love the design you accept letters from your readers? be a bit too wordy. Is it possible to work done by our creative team 1 Is Paper Magazine also published in 3 introduce 2 dishes or recipes from the at Paper Magazine office. They Mandarin? chef in future? It will be good if one have spent countless hours and of the recipe is for home-made dish nights trying to come up with the Yes! We welcome and even encourage which we can try at home. The other best layout and designs for you, our avid readers to write in to us with can be a recipe for hotel guests who our valued readers. Rest assured their thoughts, opinions and suggestions. visit their restaurants. Is this possible? we will continue to improve our Please email your letters to magazines and bring better [email protected] Thank you for your suggestions. We can product to you for future editions or [email protected]. certainly ask our future Star Chefs to of Paper Magazine! reveal their home-made and restaurant Currently, Paper Magazine is not recipes to share with you, our valued published in Mandarin. However, we readers! do have selected articles translated into Mandarin in our official WeChat account. Follow us on WeChat: PAPER Can Cru be written in both English and Mandarin? My favourite column is Jetsetter. I was 4 wondering if it is possible to see a Currently, Cru is only written in English. more in-depth coverage of the places However, in the future, Paper Magazine 2 you recommend? can consider translating our Cru articles into Mandarin in our WeChat. Thank you for suggestions. It is possible for us to do a more in-depth 05 cover story cover PAPER MAGAZINE PAPER henhenzhen SSThe Silicon Valley of the East With China recently announcing its ambitious goal to be a $150 billion world leader in AI by 2030, the focus will be on Shenzhen which has been designated as the Silicon Valley of the East. Now, home to around 15 million people, Shenzhen hopes to become a tech nirvana for the world’s IT start-ups. PAPER 06 cover story Shenzhen’s turnaround has been nothing short markets fill with the sound of ripping parcel tape, that Shenzhen will become a “global innovative of a miracle. Just 30 years ago, this Pearl River as packages are sealed and despatched into fleets centre” as the city shifts investments from Delta megacity was a mere fishing village. Its of vans waiting outside. Hardware entrepreneurs manufacturing to research and development in fortunes took a turn for the better when the like Eric Pan (founder of SeeeD Studio) regard the technology sector. Chinese government turned it into an experiment Shenzhen as an electronics heaven, “Everything to grow capitalism in a test tube, designating it you need is here to make your electronics or IT Strong government support for innovation and as the country’s first Special Economic Zone in hardware business a success”. IT migrants 1979. Today, Shenzhen is now designated as the world’s manufacturing factory and dubbed China’s The wealth and innovation head eastward In guiding Shenzhen’s transition from a low- wealthiest city, with its real estate prices recently tech factory town to a global innovation hub, surpassing even Shanghai and Beijing. However, this low-cost, fast distribution model the municipal government has adopted many began to lose its shine in the recent years. With measures to foster creative industries and firms. World’s IT hardware factory economic power shifting from the West to the The local government is spending RMB21.5 East, Shenzhen’s low-cost manufacturing model billion ($3 billion) on emerging industries such as S began to lose steam. As consumption from the new energy represented by BYD. Shenzhen has West slowly eroded, and the Asian countries taken a clustering approach to the cultural and became wealthier, low-cost manufacturing model creative industry by creating model bases for became unsustainable as demand for higher-end creative design, cultural software, animation and products grew. Gradually, as global economic games, new media, and so forth. It subsidises up forces shift and consumption patterns change, to 70% of rent for “creative” start-ups. The local producing low-cost, low-quality and somethings government also launched the first Innovation fake MP3 players and shoddy mobile phones Competition of International Talents held from could no longer be viable. November 2015 to April 2016, which is open to all IT talents around the world, to win a total of As China transitions to a more developed, more $880,000 bonus plus an additional $200 million mature high-tech sector, the country is looking government subsidies and venture capital. to seed innovation and economic growth in new ways. “So China is like, ‘We want to keep the Another factor that propelled Shenzhen’s growth economy growing, how do we keep the economy as a tech centre is its open migration policy that Initially, Shenzhen had gained a ferocious growing? I don’t know, let’s try to bring in new draws IT talent and entrepreneurs from all over the reputation as the world’s largest manufacturer of kinds of innovation,’” a software entrepreneur world. “It’s a true paradise if you want to create tech hardware, from which it derived its wealth who just set up a research lab in Shenzhen your own business,” said James Wang, a 39-year- and prosperity. Inside the Huaqiangbei electronics last month explained. “In the old days, if you old Internet entrepreneur in a local science park. markets, every booth on all 10 floors represents a wanted to be innovative, if you wanted to have The young migrant entrepreneurs today, like their factory somewhere in southern China’s Pearl River the latest technology, you would go to Silicon predecessors such as Ren Zhengfei of Huawei Delta megalopolis. You will find every electronic Valley for electronics. But today, it’s Shenzhen,” and Wang Chuanfu of BYD who migrated to component and gadget imaginable, laid out like declared David Li, the co-founder of China’s first Shenzhen in the 1980s and 1990s, prove that a so many spices in a bazaar. makerspace. lesser government and open immigration since the beginning of Shenzhen has maintained The sales guy will sell you one tiny component According to Shenzhen’s current mayor, Xu Qin, an open and attractive environment for some or a hundred thousand, to be delivered to your more than 17,000 Shenzhen manufacturers have entrepreneurs to succeed. These migrants bring factory within a week. At the end of each day, shut down in the past five years primarily due to with them their entrepreneurial spirit and drive, aisles are blocked with cardboard boxes and the the city’s plan for an upgrade. Xu also confirmed and their IT expertise. It is such culture that has managed to attract Entrepreneurial and innovative culture the likes of tech titans like Apple, Baidu, Tencent, Alibaba and Tesla to set up their bases in Shenzhen. More tech conglomerates are expected to follow in their shoes to shift to Shenzhen in the coming years ahead. Today, Shenzhen is leading China, an $86 million domestic market, in VR (Virtual Reality) development.
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