Shenzhen Huaqiang Electronic Network Group Co., Ltd.

What Shenzhen Huaqiang Electronic Network Group Co., Ltd. does

Shenzhen Huaqiang Electronic Network Group Co., Ltd. is an industrial internet B2B platform serving the electronic components vertical industry chain, formed on March 24, 2020 through the merger of MOGULTECH and Shenzhen Huaqiang Electronic Trading Network Co., Ltd., both previously subsidiaries of the publicly listed Shenzhen Huaqiang Industrial Co., Ltd. (SZSE: 000062). The company operates an integrated stack of platforms including HQEW (华强电子网) for B2B information and supply/demand matching, HQBUY (华强商城) for one-stop electronic component procurement, HQ Cloud Platform (华强云平台) for SaaS and big data services, HQPCB for PCB manufacturing, and HQ Cloud Warehouse (华强云仓) for intelligent warehousing and logistics, with Chip Insights (芯八哥) providing industry research. Its technology backbone combines online platform infrastructure with proprietary digital systems (EBS, SYS) and offline sales teams across Shenzhen, Shanghai, Suzhou, and Hong Kong.

The company's primary customers are terminal EMS/OEM/ODM manufacturers (over 30,000 globally across 20+ countries), chip manufacturers and brands, and electronic component distributors. It generates revenue across multiple streams including transaction fees on procurement and warehousing, recurring subscription and membership fees (Standard Member, Chengyitong premium tier, ISCP certification), SaaS subscriptions for tools such as Inventory Keeper (库存家), Beacon Tower (烽火台), Courier Treasure (快递宝), and Cloud Quotation (云报价), advertising and brand promotion services on HQEW, and warehousing/logistics fees. The platform reportedly serves millions of registered users with up to 5 million daily visits and HQBUY alone offers 1 million+ SKUs across 200+ stocked brands.

The company holds multiple certifications including National High-tech Enterprise status, MIIT "Little Giant" designation, ISO9001/14001/27001/20000, IATF16949 (automotive quality), AS9120 (aerospace), and ERAI credentials, supporting its push into regulated end markets. Leadership is headed by General Manager Xie Zhiquan, with Liu Yugui as Deputy General Manager, operating under parent chairman Hu Xinan's strategic guidance.

Name

Shenzhen Huaqiang Electronic Network Group Co., Ltd.

Legal name

深圳华强电子网集团股份有限公司

Website

https://hqewgroup.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Shenzhen Huaqiang Electronic Network Group operates an industrial internet B2B platform for the electronic components vertical, serving 30,000+ EMS/OEM/ODM manufacturers, chip brands, and distributors globally through integrated procurement, information, SaaS, warehousing, and PCB services.

Ownership category

akta.pro rank

Product category

Electronic Component B2B Distribution Services

NAICS

Bare Printed Circuit Board Manufacturing (334412)

SIC

Printed Circuit Boards (3672), Electronic Connectors (3678)

akta.pro primary industry

Electronics Components & OEM/ODM Sourcing Marketplaces (CRAFAHAM)

akta.pro secondary industries

B2B Marketplaces & Wholesale Platforms (BPAMAGAD), B2B/EDI & Supply Chain Process Automation Platforms (HDAEAHAK)

Keywords

• Electronic component procurement
• B2B industrial internet
• PCB fabrication services
• Cloud-based SaaS tools
• Intelligent warehousing logistics

Headquarters

HQ city

深圳, 广东

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. 元器件采购与销售服务: B2B platform-based procurement and sales services for electronic components, including spot procurement, overseas purchasing, BOM-based procurement. Revenue is generated through transaction fees and service fees on the platform, combined with offline sales teams serving 30,000+ end customers.
2. 信息服务与会员服务: Information services and membership services on the HQ Electronic Network platform, including product information display, supply/demand information release, certification services, and data analytics. Revenue from membership fees and premium service subscriptions.
3. SaaS与企业服务: Enterprise management software and SaaS tools including inventory management (库管家), market data analysis (烽火台), logistics support (快递宝), and cloud quotation services. Provides big data services to help enterprises understand market structure and explore customer needs.
4. 品牌推广与营销服务: Brand promotion services on the platform including search ranking, model advertisements, online advertising, and content marketing. Services for chip manufacturers to reach market through online product display, alternative solutions, new product launch, and brand promotion.
5. 仓储物流服务: Intelligent warehousing and logistics services through HQ Cloud Warehouse, providing storage, express delivery, and fulfillment services for electronic components traders and end customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Shenzhen Huaqiang Electronic Network Group operates a B2B industrial internet platform for the electronic component vertical industry chain. It combines online and offline operational capabilities to deliver global component procurement, B2B information and matching services, PCB manufacturing, intelligent warehousing/logistics, and cloud-based SaaS tools. The platform connects chip manufacturers, brand suppliers, distributors, and more than 30,000 EMS/OEM/ODM terminal factories across 20+ countries.

Differentiator

Problem solved

Functional benefit

Brands

• HQBUY: One-stop electronic component procurement platform offering spot procurement, overseas purchasing, BOM-based procurement and PCB manufacturing services
• 华强电子网 (HQEW)
• 华强云平台 (HQ Cloud Platform)
• 华强 PCB (HQPCB)
• 华强云仓 (HQ Cloud Warehouse)
• 芯八哥 (Chip Insights)

Products and services

• HQ Electronic Network (华强电子网, HQEW) Vertical B2B information and trading platform for the electronic components industry, offering product listings, supplier/buyer matching, certification services (ISCP), brand zone promotion, and supply/demand information release for chip manufacturers, distributors, and procurement teams.
• HQBUY (华强商城) One-stop electronic component procurement platform offering spot procurement, overseas purchasing, BOM-based procurement, and PCB manufacturing services. Stock coverage includes 200+ brands and 1 million+ SKUs, having served 20,000+ cumulative brand clients.
• HQ Cloud Platform (华强云平台) Cloud-based SaaS platform providing electronic industry big data and enterprise management services through four core tools: Inventory Keeper (库管家), Beacon Tower (烽火台), Courier Treasure (快递宝), and Cloud Quotation (云报价), serving distributors and component trading companies.
• HQPCB (华强PCB) PCB manufacturing service providing high-reliability multilayer boards with multiple quality management certifications (ISO9001, IATF16949, AS9120) for applications in communications, computer, automotive electronics, military, aerospace, industrial control, and medical equipment.
• HQ Cloud Warehouse (华强云仓) Electronic component warehousing and trading service center operating a 5,000 sqm intelligent constant-temperature warehouse in the Huaqiangbei area, providing storage, express delivery, and fulfillment services with 20,000+ SKUs and 15-minute quick retrieval in Huaqiangbei.
• Global Component Procurement Services (全球元器件采购服务) B2B procurement service combining offline sales teams in Shenzhen, Shanghai, Suzhou, and Hong Kong with online platforms to deliver BOM-based procurement, small-batch spot procurement, long-term ordering, shortage sourcing, and overseas purchasing for EMS/OEM/ODM manufacturers globally.

Quantifiable outcome

• Serves 30,000+ terminal customers (EMS/OEM/ODM factories)
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Domestic and Foreign Chip Manufacturers, Agents and Large DistributorscoreStrategic or Co-development Partner · 1 January 2003Since 2003, the company has established partnerships with domestic and foreign chip manufacturers, agents, and large distributors. Products cover industrial control, new energy vehicles, communications, consumer electronics, power, medical care, instrumentation, security, and other application fields. These partnerships form the foundation of the company's global procurement and supply chain capabilities.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• LCSC Electronics: Shenzhen-based Jialichuang-owned electronic components e-commerce platform serving Chinese OEMs with spot procurement, BOM tools, and authorized distribution. Directly comparable as a Chinese vertical B2B marketplace for electronic components, with overlapping customer base of small/medium EMS factories.
• Octopart: Electronic component search engine and price-comparison platform aggregating distributor inventory globally. Directly comparable as a digital platform specializing in electronic component discovery and sourcing — overlapping with HQEW's information/matching layer.
• Supplyframe: US-based electronic component sourcing intelligence platform offering BOM management, supply chain analytics, and design-to-source workflow tools (including the SaaS tool Findchips). Comparable as a data-and-platform play serving electronic component procurement and design chains globally.
• JLCPCB (Jialichuang): China-headquartered PCB fabrication and electronic components platform serving global makers and small-batch OEMs with low-cost, fast-turn PCB and component kits. Comparable as an integrated PCB + components platform serving similar long-tail EMS customers, especially through its sister brand LCSC.
• Win Source: Asia-based electronic components distribution platform with global shipping and a strong China supply network. Directly comparable as a B2B electronic components marketplace competing for OEM/ODM procurement spend in the same geographic markets as HQEW.

Broad incumbents

• Mouser Electronics: Global authorized electronic components distributor owned by TTI, with deep manufacturer partnerships and a sophisticated e-commerce platform serving design engineers worldwide. Relevant incumbent comparable for HQEW's ambitions in serving global OEM/ODM design and procurement workflows.
• Arrow Electronics: Fortune 500 global electronic components and enterprise technology solutions distributor with broad portfolio of authorized inventory, design services, and digital tools. Comparable as a broad incumbent operating at the intersection of distribution, design support, and B2B digital services.
• Digi-Key Electronics: US-headquartered global electronic components distributor with one of the industry's broadest authorized catalogs (millions of SKUs) and same-day shipping. Comparable as a benchmark for HQBUY's overseas purchasing service and the global standard for online electronic component commerce.
• Alibaba 1688: Alibaba Group's domestic China B2B wholesale marketplace covering electronics, components, and industrial goods with massive buyer traffic. Broad incumbent comparable as a generalized Chinese B2B marketplace where electronic components are a major vertical — competing for the same downstream EMS/ODM buyer attention.

Regional players

• ZOL (Zhongguancun Online): Leading Chinese technology media and B2B information platform historically focused on IT/consumer electronics, with growing presence in components information. Regionally comparable as a Chinese electronics-focused information and content platform serving similar buyer audiences.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hqewgroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shenzhen Huaqiang Electronic Network Group Co., Ltd.