Currently, innovation is refreshing the world's face at an unimaginable pace. The drastic changes and driving forces it brings have gone beyond the conventional business domain, and are accelerating the global future development at the level of cultural imagination and social context.
The core driving force behind this process comes from the 'pioneers' of all industries—never before has there been such an astonishing spectacle: under the relentless upgrade of computing power, AI has profoundly subverted the production logic that has lasted for thousands of years; new energy and energy storage have broadened the runway for the next wave of productivity; the iterative efficiency of product, service, and business paradigms has accelerated the depreciation of all lifestyles and ways of thinking; business leaders occupy an absolute 'seat at the table,' where a press conference or a speech can shock the world—under their combined influence, innovation is not only a business tool but has become an unshakable 'world rule' and 'global approach,' and their own value has far exceeded the narrow definition of business leaders.
As a result, the semantic distinction between leaders and innovators is becoming increasingly blurred. Whether it is the leader's ecological niche that dominates the industry's innovation direction, or emerging innovators who suddenly become industry leaders, innovation has become one of the core elements considered first by Forbes China when presenting various business insights.
Against this backdrop, the globally renowned growth consulting firm Frost & Sullivan (Frost & Sullivan, abbreviated as 'Frost & Sullivan') and Forbes China jointly launched at the end of last year the first selection of the Forbes China Industry Development Pioneer Awards, a series of authoritative business observation practices covering multiple key areas with an emphasis on innovation impact and value.
Building on the success of last year's selection, which received widespread attention and influence, both parties have recently launched the 2026 Forbes China Industry Development Leaders Selection.This selection focuses on key areas such as AI technology, big consumer goods, healthcare, new energy, manufacturing, and service industries. Through rigorous data analysis and in-depth market research, it aims to identify and commend industry pioneers who have a wide influence and innovative spirit both domestically and globally.

Both Frost & Sullivan and Forbes China are industry-leading institutions with a global perspective, and they have long been deeply involved in the Chinese market. Frost & Sullivan provides global capital markets and corporate consulting services, integrating 64 years of global consulting experience. Over the past 27 years, they have dedicated themselves wholeheartedly to serving the booming Chinese market, helping more than 10,000 clients accelerate their business growth with a global perspective. It is reported that Frost & Sullivan's Greater China region has accumulated over 10,000 original industry research reports and white papers, covering 19 core national economic industries and more than 6,000 sub-markets with a strong knowledge base. The research data of Frost & Sullivan is widely recognized in the global capital markets.
This renewed collaboration between Frost & Sullivan and Forbes China brings together the two parties's top resources and professional teams in industry research and media communication. It will provide strong support and assurance for the second Forbes China Industry Development Pioneer Awards and continue to create a benchmark with high authority and influence.
Eligibility Details
Award Settings
Main selection
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Forbes China Industry Development Pioneer
Sub-selection
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Forbes China's Leading Companies in Industry Development
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Forbes China's List of Innovative Brands in Industry Development
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Forbes China Industry DevelopmentESGbenchmark
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Forbes' Benchmark of AI Enterprise Services in China's Industry Development
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Forbes China's Emerging Industry Analyst
Main selection
Forbes China Industry Development Pioneer
1
Selection criteria
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Candidates should be from key sectors such as AI technology, mass consumption, healthcare, new energy, manufacturing, and services;
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Candidates should be industry pioneers with a good reputation and high visibility across various industries, including but not limited to corporate executives, founders/co-founders, analysts, experts, and scholars;
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The candidate's career achievements must meet one of the following four conditions:
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The market value/valuation of the candidate's company is at the level of over 3 billion, and it must have been operating continuously and stably for more than three years;
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The candidates have been recognized by top international or domestic scientific research institutions and have made outstanding contributions to leading industry innovation;
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The candidate leads the enterprise to achieve the first market share in the industry and has the sustainable growth ability to maintain its industry position (*An industry research report issued by an authoritative institution and an industry position ranking table are required to be submitted).
2
Selection dimension
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Self-growth trajectory
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Industry Empowerment and Leadership
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Enterprise operational capability
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Innovative response capabilities
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Future Vision and Planning
Sub-selection
Forbes China's Leading Companies in Industry Development
Forbes China's Innovative Brands in Industry Development
Forbes China Industry Development ESG Benchmark
Forbes' Benchmark of AI Enterprise Services in China's Industry Development
1
Selection criteria
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Candidates should be from key sectors such as AI technology, mass consumption, healthcare, new energy, manufacturing, and services;
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Candidates should be industry pioneers with a good reputation and high visibility across various industries, including but not limited to corporate executives, founders/co-founders, analysts, experts, and scholars;
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The candidate's career achievements must meet one of the following four conditions:
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The market value/valuation of the candidate's company should be at the level of 3 billion RMB or above, and it must have been operating continuously and stably for more than three years;
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The candidates have been recognized by top international or domestic scientific research institutions and have made outstanding contributions to leading industry innovation;
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The candidate has led the enterprise to achieve the first market share in the industry and has the sustainable growth capability to maintain its industry position ( *An industry research report issued by an authoritative institution and an industry position ranking table are required to be submitted
2
Selection dimension
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National strategic response
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Innovation performance
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Business growth potential
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sustainable development capacity
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Industry influence
Sub-selection
Forbes China's Emerging Industry Analyst
1
Selection criteria
01.
Basic evaluation criteria
(All must be met)
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Focus on industry areas: The research or content output of candidates should concentrate on one of the key sectors such as AI technology, mass consumption, healthcare, new energy, manufacturing, and services.
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Public Influence: It is necessary to have publicly verifiable research achievements or content publishing channels (such as media columns, industry platforms, research reports, video accounts, official accounts, Zhihu, X, LinkedIn, etc.).
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Good reputation: The candidate has no academic misconduct, data fraud, or negative business reports in the past year.
02.
Achievement Metrics
(Match any 2 of the following conditions)
Industry influence
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The cumulative number of views (reads) for industry analysis content (reports, articles, videos) published within the past year is ≥100,000;
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Or reposted, cited by mainstream media/institutions >3 times;
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Or have given keynote speeches/talking rounds at well-known conferences/forums.
Social influence
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Have ≥10,000 followers on any content platform;
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The academic, technology or industry community leads with over 500 members actively operating the community;
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Organized or presided over industry-themed sharing events at the university level or above.
Innovation of research results
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Has released original industry models, data analysis methods, and prediction frameworks;
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Or drive a topic into the mainstream industry discussion through original research (such as ESG, AI-native, new consumer trends, etc.).
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As a core member, participated in innovative projects (such as participating in national business competitions, including but not limited to industry research competitions and innovation and entrepreneurship competitions), scientific research mentor projects, or related research topics;
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Has proposed original analytical models, research methods, or solutions in projects and received recognition from instructors or institutions;
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Possess a portfolio of personal project works related to the field (such as data analysis reports, business plans, product prototypes, in-depth evaluations, etc.).
Professional recognition
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Obtain citations, collaborations, or certifications from leading institutions (consulting firms, investment banks, media, research institutions);
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Has won industry media awards, research competitions, and honors for young scholars.
Growth potential and social impact
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Have a continuous output plan (such as series analysis or research columns);
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Or there may be practical impacts in driving the industry's youth group to learn/share (such as communities, open courses, podcasts, etc.).
The candidate enterprises must meet the following requirements
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The company's operating income for the previous fiscal year must have come from Mainland China, accounting for 51% or more;
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The corporate headquarters must be located in Mainland China;
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The enterprise has been operating stably for more than 3 years;
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The enterprise had no major labor disputes or safety accidents in the previous year;
2
Selection dimension
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Industry development perspective
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Logical framework construction capability
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Multi-source data integration capability
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Forward-looking analysis of transformation capabilities
About Forbes China
Forbes was founded in New York in 1917, with the slogan 'Entrepreneurship, a tool for creating wealth', and has become a leader in the industry with its entrepreneurial spirit and innovative awareness. The lists produced by Forbes are known as the 'barometer of the economy' and the 'wind vane of wealth'. In 2003, Forbes officially entered the Chinese market.
As a business media brand centered on innovation, Forbes China adheres to the DNA of 'entrepreneurship, innovation, and wealth creation.' Leveraging its long-term observation and research on high-net-worth individuals, entrepreneurs, technology, investment, health, lifestyle, and other fields, it has launched a series of lists and content that have a significant impact on the economy and society. The fairness and impartiality of Forbes China's lists make it a benchmark in various fields, and its insightful content provides readers with multi-dimensional information references, thereby inspiring entrepreneurs and business elites to create more wealth and business value. At the same time, Forbes China is committed to building an enterprising interactive community for high-end clients, providing a forward-looking and shared environment, and constructing an information ecosystem for entrepreneurship and innovation.
Frost & Sullivan (Frost & Sullivan, abbreviated as 'Frost & Sullivan') integrates 64 years of global consulting experience. Over the past 27 years, it has dedicated itself to serving the booming Chinese market. With a global perspective, it has helped over 10,000 clients accelerate their business growth, assist them in achieving growth, innovation, and leading benchmarks within their industries, and realize capital operation goals such as financing and listing.
Frost & Sullivan is deeply involved in global capital markets and corporate consulting services. By innovatively introducing 'Total Investment Management (TIM)', it provides comprehensive investment and financing as well as various other professional consulting services for enterprises, including investment and financing CDD, valuation services, technology advisor, financial advisor, ESG, fundraising and investment feasibility studies, bond issuance industry advisor, industry advisor, assessment services, award services, industry white papers, strategic and management consulting, planning consulting, technical insights, etc.
Frost & Sullivan's investment and financing business in China has achieved full industry coverage of China's national economy, including a high level of attention to all economic hotspots such as the new economy and new infrastructure. It covers digital infrastructure, consumer electronics, dual-carbon new energy, healthcare and life sciences, catering and new retail, semiconductors and integrated circuits, smart homes, automotive and mobility, health care services, food and beverages, information and communication technology, fintech, real estate and property management, mining and smelting, beauty and fashion, big data and artificial intelligence, logistics and supply chain, construction technology and decoration, special new materials, culture and entertainment, enterprise-level services, cross-border e-commerce trade, infrastructure construction, environmental protection and energy-saving technology, education and training, etc.
Since the Frost & Sullivan team began providing investment and financing advisory services to corporate leaders and their management teams, it has helped nearly 3,000 companies successfully list on the Hong Kong and overseas stock markets. It is a leading enterprise in the field of investment and financing strategy consulting in China. Over the past decade, Frost & Sullivan has ranked first in market share for professional industry consultants assisting Chinese companies in listing on the Hong Kong and overseas stock markets for consecutive years. In recent years, Frost & Sullivan reports have also been widely cited in the prospectuses of leading A-share and STAR Market listed companies, as well as primary and secondary market research reports and other capital market announcements.
For over 64 years, Frost & Sullivan has helped a large number of clients (including Fortune Global 1,000 companies, top domestic and international financial institutions, and other leading enterprises) achieve strategic goals through its nearly 50 offices around the world. Leveraging a powerful database and expert network, as well as rich professional knowledge and consulting tools, the firm has completed tasks including but not limited to due diligence, valuation analysis, and third-party evaluations. It has also created a series of market position research tools and methodologies, innovatively introduced the 'FSBVFrost & Sullivan Brand Value Model', and provided market position research and brand value assessment services to over 1,000 enterprises, continuously helping a large number of Chinese brands achieve domestic and overseas growth strategies.


