Shenzhen, the Silicon Valley in China, is becoming a must-destination for the foreign hardware startups to start their business. On the other hand, Chinese startups are starting from Shenzhen and expanding to global markets, such as educational robot kit Makeblock, drone maker DJI, and smartphone manufacturer Huawei.

In the panel “Startup in Shenzhen”, Benjamin Joffe, Partner at  HAX, the world’s most active early stage investor in hardware with over 200 startups, and Chad Xu, the managing director of Shenzhen Valley Ventures (SVV) discussed how Chinese startups can go global, and global startups can enter the Chinese market.

Benjamin Joffe: I worked in China, Japan, Korea and Silicon Valley and know that each ecosystem has its own advantages and disadvantages. For example, Silicon Valley also has a lot of problems. Firstly, everything is expensive, it’s hard to hire and retain people, also there is no supply chain and little expertise about manufacturing. In the case of Shenzhen, the supply chain is amazing, but it might not be the place to find engineers, investors or customers. To find everything – engineers, manufacturing, investment, customers – you need to think very globally.

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Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com