The registration process for the third Forbes China Industry Development Leaders Award is ongoing.

As traditional industries continue to evolve, the logic of business growth and competitive strategies are changing constantly. The competitive barriers established in the past based on market size, product advantages, or a single business model are now facing new challenges. How can technological innovation be translated into practical applications? How can companies find new growth opportunities in a changing market? How can they respond to unmet needs through product, service, and business model innovation? And how can they build long-term, sustainable capabilities while pursuing commercial growth? These issues are becoming crucial for companies to navigate economic cycles. Especially now, as artificial intelligence is rapidly integrating into various industries, from large-scale models and intelligent agents toembodied intelligence, low-altitude economy, commercial space exploration, bio-manufacturing, quantum technology, and other emerging future industries, the efficiency of transforming technological breakthroughs into practical applications is becoming a key measure of a company's competitiveness.

Behind these changes, the role of people remains indispensable. Industry development requires not only leading companies but also industry participants who can identify trends, drive innovation, sustain operations, and transform personal judgments into corporate practices. They may be company founders or core managers, or they may come from professional research and industry practice fields; the value they create is not only reflected in company size or market performance, but also in their contribution to industry development, response to industrial changes, and judgment of the future.

So, what kind of individuals can be called "Industry Development Leaders"? In a rapidly changing industrial environment, how should we re-understand the concepts of "leading" and "leading the way"?

In the last two Forbes China Industry Development Leaders awards, Forbes China and the globally renowned growth consulting firm Frost & Sullivan collaborated to continuously monitor how representative entrepreneurs, managers, and industry pioneers in various Chinese industries seek opportunities and address challenges in industrial changes, forming a long-term perspective on China's industry development and corporate growth.

To further highlight the innovation capabilities, sustainable operation capabilities, and judgment and strategy for the future of the industry, Forbes China and Frost & Sullivan jointly launched the third Forbes China Industry Development Leaders award. This year's award will continue to focus on how industry pioneers achieve self-growth, empower companies and the industry. It will also extend the observation to aspects such as innovative responses, business operations, and future development, seeking those leaders who have already achieved industry success and are continuously driving industry change and creating long-term value. Additionally, the award will expand from individuals to companies and brands, including sub-awards such as industry development leading companies, industry development innovative brands, industry developmentESGbenchmark, and industry development AI application benchmark, documenting the practices of different types of enterprises in innovation, growth, sustainable development, and industry leadership.

When the boundaries of the industry are constantly redefined by technology, market, and new business models, what truly matters is not just "who leads," but who is driving change and who can transform changes into continuous industry value.

Third Forbes China Industry Development Leaders Award

selection@forbeschina.com (Official Consultation Channel for Forbes China Selection)