Welcome to the “New Silicon Valley” in Shenzhen China. Situated in the South, Shenzhen has become a hub for industry, manufacturing and high-tech due to its close proximity to all the materials needed to create any type of electronics you can dream up. 35 years ago Shenzhen was a muddy patch on the outskirts of the wealthy and glitzy Hong Kong, focused on farming and rice paddies. Today it’s a sprawling metropolis housing more than 12 million people attracted by the staggering growth, development and infrastructure.
People are far from the only mass influx into Shenzhen. Forbes reports that 90% of the world’s electronics are produced in Shenzhen in their thousands of factories, by their millions of workers who depart from across China to Shenzhen daily, in search of steady employment and a life of opportunity. A stroll through the over 20 electronics malls in Shenzhen is a techie’s dream, with every part, piece, light, circuit, game, phone and literally anything in the world tech-related. “In the old days,” says David Li, “if you wanted to be innovative, if you wanted to have the latest technology, you would go to Silicon Valley for electronics…but today, it’s Shenzhen.”
Growth Champions of the Greater Bay Area 2020
The birth-place of Tencent and Huawei has a new up and coming contender. A recently published list compiled by the South China Morning Post in conjunction with Statista, lists the 80 fastest growing companies in the area, including Sangfor Technologies. Founded in 2000 by three creators unwilling to sit by and simply consume, the article reports Sangfor’s absolute revenue growth at 135%. In early days the small group created, patented and focused on responsible and sustainable growth, and today all 5,000 of Sangfor’s employees carry on the tradition.
Why Sangfor Technologies?
One of the many reasons Sangfor has grown this fast is their continued investment in R&D, committing 40% of their total profit to furthering the business. Sangfor finally went IPO in 2018, but refused to sit back and relax. In addition to this new article from the South China Morning Post, Sangfor has also been awarded Deloitte’s “Technology Fast 500 Asia Pacific Region” for several years in the past and has many of their network security and cloud computing products listed in the Gartner Magic Quadrant! Over 100,000 customers globally trust Sangfor with many Fortune 500 companies, universities and government institutions who find themselves in need of reliable security and cloud solutions.
Sangfor Technologies is a global leading vendor of IT infrastructure solutions specializing in Network Security and Cloud Computing. Visit us at www.sangfor.com to learn more about Sangfor’s cloud computing & network security options, and let Sangfor make your IT simpler, more secure and more valuable.
