Shenzhen’s SEG Plaza closed for safety check, tenants fret about business

Several business owners in SEG Plaza, Shenzhen, told the Global Times on Sunday that logistics was disrupted there, but overall impact is under control since the shutdown of the skyscraper on Friday on potential safety concerns.

The 355-meter-high building in Shenzhen, South China’s Guangdong Province, swayed last week for unknown reason. The building was closed on Friday for specific tests and inspections, said the management of SEG Plaza on Thursday.

SEG Plaza holds many tenants engaging in electronics business, such as trading electronic components, parts for smart phones and wearable products, and related auxiliary services.

Some business owners said logistics in the plaza was interrupted by the closure of the building. “The operations of business owners in SEG Plaza were definitely impacted by the shutdown,” Sun Zhenxiang, head of Shenzhen Yudamei Electronic, told Global Times on Sunday. He also noted that some business owners started to raise their price of products.

A staff of ACEZ Instruments Shenzhen Co surnamed Zhang told Global Times that their daily businesses were little affected because their shop in SEG Plaza is used for displaying samples of products, which can now be done through online communications.

“If the building is closed permanently or to be demolished, how to settle the large number of merchants working in the building is a problem,” Sun said.

“Even if the SEG Plaza is closed permanently, the Huaqiangbei (electronics trading business) will not change,” a worker surnamed Chen of Shenzhen Yaocheng Electronic Technology Co told Global Times.

A commercial tenant prepares goods in a market which has not been completely reopened at Huaqiangbei commercial area in Shenzhen, south China’s Guangdong Province, Feb. 24, 2020. Huaqiangbei, a renowned commercial area in Shenzhen for electronics markets, has set up some 100 tents outdoor for commercial tenants to help them resume businesses with epidemic prevention and control measures. (Xinhua/Mao Siqian)

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