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Last time, we talked about Seoul's Yongsan ETLand, so moving along in my Asia trip, let's check out another audiophile mall, this time in Southern China, in the city of Guangzhou. I've been in this city before (as per 2016 post) but not at this exact location, the Highsun/Haiyin (name used interchangeably) Plaza.
It looks like in the last 10 years, this place has really become quite concentrated with many audiophile stores.
[Some of these thoughts will trickle into the psychology of other luxury products beyond audio. Also, we'll be talking about dollars and cents in this post. Since most audiophile goods are priced in US dollars, let's use that through this post, with early April 2026 currency conversion as needed.]
Let's have some fun this week on miscellaneous topics.
Occasionally, I'll highlight items I've either written or found on audio discussion forums I think would be good to share. One reason I decided to start doing a blog beyond just contributing to forum discussions was precisely because while the public forums are great for interactions with community members, meaningful posts often become obscured behind pages and pages of chit chat, irrelevant responses, and sometimes unpleasant arguments.
[I've unfortunately witnessed situations where very meaningful threads are closed off prematurely based on the bias of moderators. Even worse, threads with useful discussions might be erased entirely from existence which I feel is an slap in the face of well-meaning participants who put their time and efforts into thoughtful reflections. This is nothing new in the audiophile world; for example last year Stereophile scrubbed their website of all public comments accumulated over decades!
While I acknowledge the right of a website's owner to do such things, that doesn't make it any more palatable. I certainly understand the need for moderation in removing nonsensical, trollish, unethical, or crude statements that add nothing to promote thoughtful discussions.]
Speaking of forums and websites, I thought here in early 2026 it would be fun to explore website traffic numbers of some of the most common audiophile/audio sites using a common metric. One can get monthly visit numbers from Similarweb for free, a well-known website traffic tracker.
Continuing with the discussion in Part I, let's proceed with Part II of our look at the Topping DX9 "15th Anniversary" DAC as we wade into some of the technical capabilities and performance of this device.
As I discussed the other week, my belief is that for relatively "simple" devices like DACs where what we want is as-accurate-as-possible conversion of the audio data into the analog voltages, measurements are really all we need to characterize the accuracy, the transparency of the device using modern tests and instruments that are capable of capturing details beyond the ability of human hearing. The capability for any device to achieve transparency of course does not guarantee that we'll be able to enjoy the sound or the music which are determined by individual subjective psychological factors.
With that, let's jump into some PCM measurements of this Topping flagship product.
As many audiophiles will remember, the well-known DAC chip maker Asahi Kasei Microdevices (AKM) suffered a massive fire at their factory back on October 20, 2020 in Miyazaki Prefecture, Japan. This resulted in a shortage of their chips for awhile until they rebuilt the plant and started offering devices again by the end of 2021.
In June 2021, AKM issued a "last time buy" notification for final stock of a number of their products. This included their top-of-the-line DAC chip, the AKM AK4499EQ which was initially released in January 2019 and had made its way into a number of devices over the ensuing couple of years. By later 2021, some devices like the HiFi Rose RS150 had to transition to ESS. With 4 channels, a published THD+N of -124dB (mono mode), 137dB SNR in stereo (140dB mono), DSD "direct" (volume bypass), this chip remains a formidable converter even in 2025 with newer generations of AKM and ESS chip DACs. While audiophiles and manufacturers like to talk about discreet DACs like R2R stuff or custom "Ring" DACs, or DSD-processing DACs (like Meitner products or Playback Designs), while I'm sure they sound great, there is no evidence that these are capable of achieving better objective resolution than state-of-the-art converter chips from semiconductor companies with significant R&D resources.
For comparison, based on company specs, the current premium DAC chips are ESS's ES9039PRO rated at -122dB THD+N mono, and 140dB SNR mono. And AKM's current flagship, the 2-channel AK4499EX DAC released in 2021 listed as THD+N -124dB and SNR 135dB stereo (138dB mono). The AK4499EQ as a 4-channel DAC is a much more complicated chip than 2 AK4499EX's because it also incorporates the sigma-delta modulator internally while the AK4499EX needs to be fed 7-bit modulator data at 5.64/11.29MHz from a separate source like the AK4191EQ ΔΣ Modulator!
So, basically, as a single chip, the discontinued AK4499EQ after only about 1.5 years in production, remains the highest performing device among its peers after all these years; on paper at least.
And that's why I bought one of these for my system - the Topping DX9 "15th Anniversary" Limited Edition DAC & headphone amplifier (US$1299, CAD$1900, depending on tariffs you might do better ordering from China through AliExpress):
