Core Viewpoint - The article highlights the entrepreneurial journey of Bao Lei, the owner of "Giant Computer," who has been a significant figure in the development of Huaqiangbei, known as "China's Electronics First Street," for over 34 years [1][2]. Group 1: Entrepreneurial Journey - Bao Lei began his career in Shenzhen in 1991, initially working for Giant Group, where he was responsible for selling "Giant Hanka," a product that addressed the limitations of computer memory at the time [1]. - After the financial crisis of Giant Group in 1997, Bao Lei started his own business in 1998 from a small counter in the SEG Electronics Market [1][2]. - The initial monthly rent for his counter was over 8,000 yuan, while his monthly income exceeded 10,000 yuan, indicating a profitable start [2]. Group 2: Community Impact - Bao Lei has played a crucial role in bringing over a hundred relatives from his hometown in Anhui to Shenzhen, training them to open their own computer shops [2]. - His business model involved a revenue-sharing approach, where he absorbed losses and shared profits with his partners, ensuring that his relatives rarely faced financial setbacks [2]. Group 3: Market Adaptation - After 2008, the rise of online e-commerce began to challenge traditional sales methods, prompting Bao Lei to adapt by transitioning to online sales [2][3]. - In 2022, he started experimenting with live streaming sales on platforms like Douyin, despite initial losses, reflecting a commitment to embracing digital trends [3]. Group 4: Focus on Domestic Brands - In recent years, Bao Lei has emphasized the sale of domestic computer brands, particularly Huawei, contributing to the growth of the Chinese tech industry [4]. - He provided product suggestions to Huawei before the launch of their laptops, showcasing his deep understanding of market needs [4]. Group 5: Industry Evolution - The sales landscape in Huaqiangbei has evolved significantly, with Bao Lei witnessing the transition from physical sales to a more diversified online presence [4]. - His philosophy emphasizes persistence and dedication, stating that "only by insisting on what others cannot persist in can one possess what others cannot have" [4].