Tencent's new headquarters in Shenzhen. Photo: Handout

China’s economic downturn hitting luxury commercial property and yachts in wealthy tech hub Shenzhen

  • Hi-tech metropolis, home to Huawei, ZTE and DJI, is facing an overcapacity of office space, with demand unable to keep up with rising supply
  • Economic downturn, along with US-China trade war and technology battle, is turning foreign investors away from the Guangdong city
Topic |   Shenzhen

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Tencent's new headquarters in Shenzhen. Photo: Handout
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