Huaqiangbei is a subdistrict of Futian, Shenzhen, Guangdong Province, China. It is one of Shenzhen's notable retail areas, having one of the largest electronics markets in the world. The area's status as a major electronics manufacturing hub, and sprawling electronics marketplaces have earned it occidental nicknames such as "China's Silicon Valley", and the "Silicon Valley of Hardware". Multiple malls contain various businesses. In 2020, the area had about 38,000 businesses. Huaqiangbei is known in China for selling cheap electronics. Most of the smartphones in China come from this area. Many mobile phones stolen in Europe and US are also smuggled into the region.