How China's Shenzhen became the world capital of hardware innovation

Shenzhen, China has transformed from a small fishing village to the world's most innovative hardware hub. With its growing middle class, there's a trend towards making lives cheaper, faster and easier, especially if it can be operated through smartphones. In the past decade, a new set of web 2.0 startups, called Little Dragons, are able to exploit the knowledge, infrastructure, manufacturing capabilities and market size which the big dragons helped build. One of the most successful is called Meituan, an e-commerce startup which allows people to access daily deals, pay for movie tickets or many other things. Intellectual property and copying ideas is a very different concept in China, around an ethos of open source hardware.