EYESHENZHEN  /   Business  /   Industry News

High-tech companies seek global business opportunities

Writer: Chen Siqi  |  Editor: Zhang Chanwen  |  From: Shenzhen Daily  |  Updated: 2023-01-11

Workers were seen busy in intensive production, assembly and packing in an orderly manner at the factory of Shenzhen Grandsun Electronic Co. Ltd. at Shenzhen International Low-carbon City in Longgang District recently, Shenzhen Special Zone Daily reported.

The high-tech company focuses on the research, development and manufacturing of consumer electronics such as professional audio equipment, smart headphones and speakers.

“We are improving our own research and development, so our products are selling well in the international market,” Wang Mingyong, director of the electronics operation center of Grandsun, said, adding that the sales of Cleer, Grandsun’s brand of intelligent acoustic products targeting the international markets, hit a record high. Its products have been selling at global retailers such as Harrods and Selfridges department stores in the U.K., and B & H photo and video and Best Buy in the U.S.

Despite the COVID-19 pandemic, Grandsun took positive measures to stabilize its production and open channels in overseas marketing for its products through emerging online platforms. “Shenzhen Customs has supported us in expanding overseas, speeding up customs clearance for raw materials,” Wang said. Grandsun’s exports hit nearly 170 million yuan (US$25.1 million) in the first 11 months of last year, and it also participated in the Consumer Electronics Show 2023 which wrapped up Sunday in Las Vegas to attract more orders.

Aside from Grandsun, many high-tech companies in Shenzhen are stepping up to seek more business opportunities abroad.

O-Net Technologies is a high-tech company headquartered in Pingshan District. According to Chen Xiaokun, the company’s production manager, O-Net is one of the world’s renowned suppliers of optical communication devices and modules.

Chen said, “O-Net was listed as one of the key foreign trade companies by Shenzhen Customs and relevant government departments. Considering we urgently need the materials for production, the government departments helped us speed up cross-border transportation, so we can guarantee the timely supply for the core components and accessories.”

The company has negotiated with several overseas clients and inked letters of intention with customers from the U.S. and Europeans countries with an amount totaling over US$100 million.

O-Net’s export surpassed 1.9 billion yuan from January to November last year, up 32% year on year.