On November 25th, the world-renowned growth consulting firm Frost & Sullivan (hereinafter referred to as 'Frost & Sullivan') held its 60th anniversary celebration in Shanghai, China. On this grand occasion, Mr. David Frigstad, Chairman of Frost & Sullivan's Global Board of Directors, Mr. Aroop Zutshi, President of Frost & Sullivan globally, and Dr. Wang Xin, Partner of Frost & Sullivan and President of Greater China, delivered speeches respectively.
Mr. David Frigstad stated that it is more difficult to grow a company for 60 years than to establish over one million startups. He expressed gratitude to Frost & Sullivan's clients, partners, employees in China, and their collaboration with Frost & Sullivan that has led to today's success. At the same time, he acknowledged Dr. Wang Xin's dedication, which provided Frost & Sullivan with an outstanding customer relationship platform and jointly promoted the development of the firm.
Mr. Fudawa shared with the attendees the purpose of Frost & Sullivan's establishment 60 years ago: "Sixty years ago, our company was founded with the mission to identify growth opportunities before they were popularized by the media or discovered by the investment community. Today, this tradition continues as we leverage new tools such as AI, Big Data, and Natural Language Processing to identify growth opportunities before they even become marketed. These growth pipelines maximize the future growth potential of our clients, and that is what all about."
Taking this opportunity, Mr. Fu Dawei expressed his respect for the tremendous transformation taking place in the Chinese economy, as well as for all the Chinese people who have participated in this massive transformation of the Chinese economy. 'Now, the huge role and important role that Chinese companies are playing around the globe to make the world a better place. And what the future will bring in terms of making the world the better place, with better technologies, business models, companies, logistics systems, I am grateful to you all.'
Finally, Mr. Fuda said, 'What excites me the most is that we are looking at all growth opportunities stemming from megatrends, new business models, and disruptive technologies in the compression of the customer value chain. These new business models, these new opportunities are shaping a better economy, making the world a better place, and improving our environment and the economic equality that so many people around the globe face. We are all involved in this together, and I am very excited to be part of it with you.'
Mr. Aroop Zutshi first expressed his gratitude to Dr. Wang Xin and all the staff of Frost & Sullivan, then reviewed the company's 60-year journey. He stated that the world is experiencing subversion, collapse, and transformation, with rules evolving rapidly and new business models replacing traditional ones. Mr. Aroop believes that this is not only a challenge but also brings many opportunities. Frost & Sullivan is leveraging these opportunities to plan for significant changes in order to expand its ability to reshape the world through growth. "China is leading the economic growth agenda across the globe. More and more Chinese companies are going global and offering sustainable solutions. We see the trend to become stronger in the coming years." Mr. Aroop said.
The corporate mission of Frost & Sullivan is to make the world a better place through growth. Mr. Zou Yaru mentioned that someone asked why growth was necessary. He replied: "Without growth, we not only stand still but move backward. Seeking development in uncertainty is not only the key to survival but also for thriving."
Mr. Zou Yaru mentioned the ONEFrost project of Frost & Sullivan in his speech, "Our internal commitment is to work together to create a single source of information, insights, and growth opportunities for our customers. We will converge our services into a common platform aligned with our Growth Pipeline as a Service, making it easier for you to map your progress and identify new growth opportunities. This new digital platform will allow for collaboration, sharing, and just-in-time delivery of information."
At the end of his speech, Mr. Zu Yaru once again expressed his gratitude to all customers and partners, and also looked forward to continuing to work with everyone for mutual success in the years to come.
Dr. Wang Xin expressed his gratitude to the country, to the era, and to his partners in his speech, and stated that Frost & Sullivan sincerely looks forward to continuing its long-standing relationship with everyone, walking hand in hand, cooperating for mutual success, and creating new glories.
The full text of Dr. Wang Xin's speech is as follows:
Distinguished leaders, ladies, gentlemen, and friends, good evening!
Ladies and Gentlemen, my fellow colleagues and friends, good evening to all of you!
I would like to express my deepest gratitude to all of you for taking the precious time out of your busy schedules to attend the Frost & Sullivan 60th anniversary celebration during this special period.
Words cannot express how much appreciation we can have for pulling this event off. Thank you very much for taking the time out of your busy schedule to join us to celebrate Frost & Sullivan's 60thAnniversary during such a special period.
Today is Thanksgiving Day. On behalf of Frost & Sullivan, I would like to express my heartfelt gratitude!
Today is Thanksgiving Day. On behalf of Frost & Sullivan China, I would like to express my deepest gratitude to all of you.
China's favorable opening-up policies and inclusive business environment have provided a huge stage and dynamic impetus for the development of Frost & Sullivan.
Riding on the success of an open economy and an inclusive and comprehensive business environment, it has indeed provided Frost & Sullivan with a broad stage for better performance and vigorous momentum for development.
2021 is the Year of the Ox, as well as Frost & Sullivan's birth year. "In Chinese culture, the ox symbolizes diligence, dedication, progress, and strength." Frost & Sullivan belongs to the Year of the Ox and is unwavering in learning the spirit of the "Three Oxen," striving to become a down-to-earth "old ox," a sincere servant "child ox," and an enterprising innovator "pioneer ox."
2021 is the Chinese horoscopic year of Ox and also the Chinese zodiac year of Frost & Sullivan. In Chinese culture, the ox is the symbol of diligence, dedication, endeavour and power. Frost & Sullivan has been unswervingly following the spirituality of 'Three Oxes', going out in pursuit of an old cattle that is down-to-earth and always hands-on, a sincere serving willing ox, and an enterprising and innovative pioneering ox.
Since entering the Chinese market 23 years ago, we have continuously helped Chinese enterprises go global and contributed to enabling domestic and international investment institutions to understand and invest in Chinese companies. Today, China's stock and bond markets rank second globally in size, with over 4,400 A-share listed companies and more than 2,500 Hong Kong-listed companies, increasing its international influence day by day.
Over the past 23 years, we have been persistently working to help Chinese enterprises shine in foreign markets and expose them to international capital markets. We have also acted as an intermediary to bridge the gap between foreign and local buy-side and sell-side investors. Today, when we look at the China-listed equity and bond markets, they are both ranked the second largest in terms of market capitalization globally to date, with over 4,400 listed companies on mainland China's A-share market and over 2,500 companies listed on the Stock Exchange of Hong Kong, having a significant yet nationwide impact.
The great era has endowed us with responsibilities, motivation, and a direction for progress. We sincerely thank you and wish China's development to be as vigorous as a charging bull, and the capital market to thrive like a soaring steed!
The great times have chosen us to be part of a major event, endowing us with responsibilities, momentum and direction for progress. We are sincerely grateful and wish the development of China and capital markets BULLISH!
Haruki Murakami said: 'You (should) remember those who held an umbrella for you in the heavy rain, those who shielded you from external objects, those who held you close in the darkness, and always those who put you first.'
I remember that the world-renowned writer Haruki Murakami once said, "You must be grateful and remember those who have extended their warm hands at moments when you are suffering in difficulty and feeling helpless in dark times."
On this special day, I want to express my gratitude for the sincere help of leaders, mentors, and partners; for our customers who have stood by us through thick and thin, never leaving us; and for the team's unwavering unity, determination to forge ahead, and dedicated spirit.
I would like to take this opportunity to express my deepest gratitude to all my friends and business partners for their sincere help; to our dearest clients for their full support, standing firm with us through storms and stresses, and never abandoning us; to our Frostie team, for coming together as one team, working extremely hard, forging ahead with full steam, and making great achievements and contributions with solidarity and dedication.
I have always believed that choosing with whom to collaborate and associate is a choice about who you want to become. In many cases, choice is more important than effort; if you walk the right path, even the farthest distance will be shortened.
I am firmly convinced that the moment you choose with whom you would like to team up and with whom you would like to work, it is the moment when you decide who you want to be.
It is a blessing to be able to walk alongside everyone. "An individual can travel fast, but a group travels far." Frost & Sullivan's birthday wish for its 60th anniversary is with you: to continue our past partnership and achieve win-win results!
It is fate that has brought us together. If you want to go fast, go alone; if you want to go far, you go together. In the name of the 60th anniversary of Frost & Sullivan, our wish is that we will all continue to be "Together for a Shared Bright Future!"
Sixty years, a lifetime. In the blink of an eye.
In the blink of an eye, 60 years to date.
In 1961, Frost & Sullivan was founded in New York, dedicated to making the world a better place through growth.
Frost & Sullivan was founded in New York in 1961, advocating 'growth' as a core corporate value proposition to make the world a better place.
For 60 years, the people at Frost & Sullivan have kept their 'original aspiration and mission' in mind, promoted 'self-revolution', empowered themselves with knowledge, and created social value.
For the past 60 years, we have never forgotten our mission to 'self-grow' and 'client-grow'. It is our pleasure to help empower the community to create more value by leveraging what we have learned from our business leaders, our market experts, and our clients.
I sincerely look forward to continuing to work hand in hand with everyone in the next Jiazi decade towards common prosperity; not wasting our prime years, and creating new glories once more!
My most sincere expectation is that in the next sixty years, we will continue to unite as always, sprinting for common prosperity, living up to our youth, and creating brilliant success and memories once again!
Thank you all!
Once again, thank you for the pleasure and privilege of working with you all!
