Shenzhen

A software engineer in Shenzhen has gained online attention for living in his Tesla for three years to save money and seek personal freedom. He reports saving approximately 100,000 yuan by avoiding rent, utilizing public facilities for hygiene, and maintaining low daily expenses. While acknowledging the lifestyle’s limitations, he believes quality of life is defined by freedom, not living space size.

Honor Device Co., Ltd. has initiated its IPO on the A-share market, filing for guidance with the CSRC. The company restructured to a joint-stock entity in late 2024, a key step towards public listing. Shenzhen Zhixin New Information Technology Co., Ltd. holds a controlling stake. With the backing of multiple investors including China Mobile and China Telecom, Honor aims to fuel its strategic growth through public markets.

A Shenzhen dessert shop’s potential employee sparked controversy with a viral post detailing extreme working conditions: a 16-hour workday, two days off a month, and strict rules with penalties. The contract highlights labor rights concerns, particularly excessive work hours and questionable ethics. While management claims voluntary agreement, local authorities remind workers of their rights under existing labor laws, which mandate eight-hour workdays. The situation reflects growing scrutiny of worker protections in China.

In Shenzhen’s gold market, “gold Labubu” accessories are booming, driven by young consumers. Retailers are selling phone charms, jewelry, and pendants, despite lacking authorization from the Labubu IP owner. This has prompted warnings of potential copyright infringement and unfair competition. Local authorities have announced inspections and will take action against unauthorized sales, leading some vendors to sell the items discreetly.

The 8th 616 Global Cross-Border E-commerce Festival in Shenzhen concluded, drawing 89,000 attendees. FlyPay, a leading payment service provider, showcased its global payment solutions, including one-stop integration and global receivables management. FlyPay received the “Sunshine Protection Award” for its comprehensive services and commitment to simplifying cross-border business for SMEs. The company plans continued innovation to enhance global payment experiences.

At the 2025 Future Automotive Pioneers Conference, Huawei’s Richard Yu criticized EV quality control. He claimed some automakers wouldn’t meet Huawei’s standards. Yu stressed that quality is paramount, advocating for consumer safety and urging the industry to avoid setting low standards. He called for innovation to prevent stagnation and challenged deceptive advertising practices.

The 2025 Future Automotive Pioneers Conference in Shenzhen highlighted NIO’s advancements. CEO William Li unveiled the unified brand presence of NIO, ONVO, and Firefly, cleverly referencing “Willing to Win” in Chinese. He also emphasized NIO’s commitment to Shenzhen’s innovative spirit and its extensive charging network utilized by 90% of non-NIO vehicle drivers, solidifying NIO’s infrastructure investment in China.

DJI has secured a prime Shenzhen location for its global headquarters, winning the bidding for land in the super-headquarters zone for ¥2.287 billion. The facility, spanning 15,657.68 square meters, is slated to foster an intelligent aviation ecosystem and will exclusively house DJI and its affiliates for 30 years. The project is expected to generate substantial annual output and tax revenue, further solidifying DJI’s position in the global market.