Back to today’s briefing

Story perspectives

Shenzhen's Feiyang Times: Hub of Illicit iPhone Trade

5/22/2025

32 4

Summary

Story summary

In Shenzhen, the Feiyang Times building has emerged as a notorious center for the illicit iPhone trade, with stolen devices flowing in from Europe and the US. Hong Kong plays a crucial role, helping traders dodge import taxes. Victims face intimidation to disable tracking features, further boosting the resale value of these stolen phones.

1 of 1

Story summary

In Shenzhen, the Feiyang Times building has emerged as a notorious center for the illicit iPhone trade, with stolen devices flowing in from Europe and the US. Hong Kong plays a crucial role, helping traders dodge import taxes. Victims face intimidation to disable tracking features, further boosting the resale value of these stolen phones.