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With the development of economy, the regional function of Huaqiang North has changed, and Huaqiang North has gradually become the largest electronic market in China. The urban government seized the opportunity of transformation in time and began to transform 1998 Huaqiang North Commercial Street, becoming one of the most traditional and popular commercial places in Shenzhen. As the first shopping street in China, Huaqiang North Commercial District was awarded the license by the State Administration for Industry and Commerce in 2000, and won the honorary title of "China Electronic First Street" at the opening ceremony of Huaqiang North Branch of the 10th High-tech Fair in 2008, which indicates that Huaqiang North Commercial Street has been recognized as the leading position in the national e-commerce industry.