Recently, Frost & Sullivan Frost & Sullivan Sponsored by Frost & Sullivan and co-organized by LeadLeo 2024 The 18th Frost & Sullivan China Growth, Innovation and Leadership Summit and the 3rd New Investment Conference were successfully held at the Jing'an Ruiji Hotel in Shanghai. The theme of this year's Frost & Sullivan New Investment Conference is 'Gather Strength to Win the Future', bringing together the wisdom and efforts of the global industry, academia, and investment community to jointly explore new growth points, new markets, and new tracks for the Chinese economy in the new era. Mr. Zou Yaru, Global Partner and Executive Director of the Board at Frost & Sullivan Aroop Zutshi ) Attended the opening ceremony and plenary session, and delivered a welcome speech. Global Partner and Executive Director of the Board at Frost & Sullivan Mr. Zou Yaru Aroop Zutshi)     The following is Mr. Zu Yaru ( Aroop Zutshi) Key points of the speech: Ni Hao, a very nice morning to all of you. Thank you so much for coming. On behalf of the Board of Directors of Frost & Sullivan, my fellow partners, some of whom are in this esteemed audience, Neil Wang, who oversees all of our Greater China operations and is also involved in helping us with global board-level discussions on direction and strategy. I am also with me Mr. Shivaji Das, who manages our Asia Pacific operations: Australia, New Zealand and some parts of South Asia. I have with me Mr. Robin Joffe who manages our Middle East, Africa, and our European businesses. Of course, I'm based in California, so I can also say that I represent the US and Latin American markets. We have a solid team of people, including my team here in China, who can help you navigate through what I consider to be the most transitive and transformative elements in our business world today. Hello everyone! Good morning! On behalf of the board of directors and partners at Frost & Sullivan, I would like to thank you all for coming. Please allow me to introduce our Frost & Sullivan partner present today: Dr. Wang Xin, who serves as a global partner at Frost & Sullivan and Chairman of the Greater China region, leading the global development direction and strategy of Frost & Sullivan; Shivaji Das Mr. Frost & Sullivan Partner and Managing Director for Asia-Pacific; Robin Joffe Mr. Frost & Sullivan partner and President of the Middle East, South Asia, and North Africa region. As I am based in California, I can I would like to say that I represent the US and Latin American markets. In summary, we have a strong team here to help you navigate the ever-changing global business environment. So, you've heard from David who talked about transformation. It's now becoming very important that every company in the world needs to understand what this transformation means. My focus today is to help you all understand how to navigate this transformation, how to survive and thrive in this transformative world that we are living in today. Before we started this meeting, I met with some of the senior leaders from China, and everyone talked about how things are changing, and how businesses are being impacted. And as I travel around this world, I see this happening in every geography, no matter what sector you're in - healthcare, ICT, energy, environment, mobility - every industry is going through some type of transformation. As Chairman Fu Dawei just mentioned, transformation is very important, and businesses around the world need to understand what this transformation means. The focus of my speech today is to help everyone understand how to navigate this transformation and how to seek survival and development in today's world of constant change. Before the start of this meeting, I met with some local Chinese business executives, each of whom was talking about changes and their impact on the market. I have traveled around the world and found that every industry and region in the world is experiencing change, whether it is healthcare, information and communication technology, energy, environment, or mobile fields. And what will happen is, if companies, regardless of their size, do not understand that transformation, the ability to grow, survive, and thrive will not be easy. And you know, in today's day and age, if CEOs of companies do not make their companies grow, they find it difficult to survive, and the most recent casualty of that lack of growth was what we saw with the Starbucks CEO just about a week ago; he was let go, he was removed from his position as the CEO of one of the largest, most effective companies and brands in the world. So it can happen to anyone. So that's where you have to understand what this whole process is all about. And I view growth as a journey. Regardless of the size of the enterprise, if it cannot cope with transformation, then it will find it difficult to achieve growth, survival, and development. As is well known, if a company's CEO cannot enable the company to grow, they It's difficult to survive. About a week ago, the CEO of one of the world's largest and most influential brands, Starbucks, was fired due to declining sales. Similar scenarios may occur to every executive, so we need to understand the entire process of growth realization. I believe there are steps in achieving growth. So today, I'm going to share with you some ideas about how and what you can do to survive this transformation. The first thing you have to understand is transformation itself: what are the strategic imperatives that are likely to impact your specific industry, your specific region of the world, or even a technology that is likely to impact you. You have to understand the scale of the transformation, you have to understand the duration of the transformation, and you also have to understand the impact of the transformation. So today, I will share with you some methods on how to cope with change. First and foremost, it is important to understand the change itself: which strategic decisions and technologies will affect your industry and region. It is also essential to grasp the scale of the change, its duration, and the impact it brings. Therefore, if you understand what these strategic imperatives are, which range from what I like to call transformative megatrends, they look at all disruptive technologies, they consider changes in customer profiles and purchasing behaviors. We have seen this even in the Starbucks situation. Nowadays, young people do not want to buy coffee the way their parents did; middle-aged people used to buy it this way. Similarly, Generation Z and Generation Y people no longer want to buy assets but prefer to operate in an assured economy. This is why organizations like DiDi, or for that matter Uber/Ola, and many other companies providing shared services are doing extremely well worldwide. If you understand what these strategic highlights are: covering the big trends of change, disruptive technologies, shifts in customer demographics, and changes in purchasing patterns. Take Starbucks as an example; we see that today's young people do not buy coffee like the middle-aged did in the past. In addition, Z Generations and Y Generations of people prefer to operate in a secure economy over purchasing assets. This is why companies like Didi Chuxing Uber , Ola The company, along with many other shared service providers, has performed extremely well globally. So, these are trends that you have to understand before you figure out what you are going to do when you enter global markets. So, the first thing you have to figure out is what those strategic imperatives are, as well as economic imperatives. For example, in some regions of the world, you are seeing economic growth. We believe that regions like Africa, for instance, and I know we have two guests who have flown in from Congo, there is incredible opportunity for growth. Similarly, there are growth opportunities in emerging markets such as South Asia, including countries in Latin America, where we are seeing some massive growth. Of course, the big Western economies of the US and Europe will always remain strong, they are the drivers. The economic drivers mean that the US will not disappear, nor will the European region, but growth rates may slow down over time. However, in emerging markets where populations are extremely high and their ability to afford products and services is on the rise, you will see massive economic activity. Before you decide to enter the global market, you must first understand these trends. This is what I mean by strategic points and regional economic considerations that you need to clarify first. For example, in some regions of the world, we see economic growth. Today, we have two guests flying from the Congo. Taking Africa as an example, we believe there are incredible growth opportunities there. In addition, emerging markets such as South Asia and Latin America also present tremendous growth opportunities. Of course, Western economies such as the United States and Europe remain strong, serving as economic drivers. Therefore, the US market will not disappear, nor will the European market, but growth rates may slow down over time. However, in emerging markets, with a large population and continuously increasing purchasing power, there is massive economic activity. The second part of this framework that you need to understand is what I call the ecosystem. You must comprehend who are the participants in this ecosystem. In addition to direct competitors, which most companies consider and focus on, you also need to understand who else participates in that ecosystem, what impact they have, how they shape your strategy, what kind of products and services you can develop by leveraging the ecosystem, what R&D labs you can collaborate with, and what investment communities you can engage with. These are very important factors that you must consider when trying to understand the ecosystem. How ecosystems within one sector may apply to ecosystems in another sector. Understanding becomes very important, and that's when growth happens Not by accident but by a plan and by a journey. The second part that needs to be understood is what I call the ecosystem. It involves understanding who the participants in the entire ecosystem are, not only the direct competitors that most companies focus on, but also other participants. What roles they play in the system, how they influence it, and how they affect your strategy. What products and services you can develop within the ecosystem, with which R&D laboratories you can collaborate, and with which investment teams you can partner with are all very important factors that you must consider. When trying to understand the ecosystem, it is crucial to consider how the ecosystem of one industry applies to that of another. This understanding is very important because only in this way can growth not be accidental but planned and step-by-step. The next thing is, of course, to look at the growth generator. In other words, you look at data. Decisions have to be made based on data, not on gut feeling. Many, many businesses worldwide, including companies in the Middle East and in the United States, in Europe make decisions based on gut feeling. I wish that gut feeling were the way to make decisions, but in today's day and age, with so much data available and so much technology around AI, you can actually make very informed decisions. Therefore, understanding how to leverage AI to generate and evaluate the decision-making process will be very important. Collecting the right data, timely data, insightful data, and AI-ready data are very important in the growth generator phase. So, if you can do that successfully, you are in very good shape, because every decision you will make will be in the right direction. The next step is to focus on the growth engine, in other words, on data. Decision-making cannot rely solely on intuition but on data. Many businesses around the world, including those in the Middle East, America, and Europe, make decisions based on intuition. I hope that intuition can also lead to correct decisions, but in today's era, very wise decisions can be made through a large amount of data and advanced artificial intelligence technology. Therefore, it is now very important to understand how to use artificial intelligence to generate and evaluate decision-making processes. In the process of achieving growth, it is crucial to collect correct, timely, insightful artificial intelligence data. If you can successfully do this, you are in a very advantageous position because every decision you make will move in the right direction. Obviously, as our chairman mentioned, the most important part is that due to this transformation, there are incredible opportunities for growth. Many traditional companies are being disrupted, and this is happening across the world regardless of size. At the same time, many new opportunities are emerging, coming up the system, and you have to understand what those new opportunities are. One way to do that is to look at it from six different perspectives. As you have just heard from President Fugawa, the most important thing is that this transformation has brought about tremendous growth opportunities. Many traditional companies, regardless of size, are undergoing disruption, a phenomenon that is happening around the world. At the same time, many new opportunities are emerging. To understand what these new opportunities are, they can be analyzed from six different perspectives. You look at mega trends, you have to understand what are those big transformative trends that are going to change and shape the world. You have to understand technologies, there are too many technologies not just AI, it can be AR, VR, it can be quantum, it can be technologies related to data analytics analysis. You have to make sure that you are ready for all of that technology that is coming your way, whether you like it or not it will impact your business, it will impact your region, and this is something that's being felt with both private sector companies as well as governments worldwide. So you have to be prepared to understand these technologies. Then like I said, you have to understand what the economical, geopolitical issues are in each of the regions of the world so You can better prepare yourself and ensure that your supply chains are resilient for what can become a long-term issue in the marketplace. So based on that, and to the prism of these strategic comparisons, you identify these growth opportunities. And I can tell you there are many, many new opportunities out there, which is one of the reasons why you look at the startup ecosystem. The startup ecosystem is very vibrant in all parts of the world because there are so many different opportunities that are opening up that typically large companies don't work on but smaller startup-type companies try to capture those opportunities. We're getting unicorns emerging from almost every part of the world today, unlike in the past. So in our opinion, there are incredible growth opportunities, and you have to keep track of it and make sure you build a pipeline of these opportunities, okay, and only if you have a pipeline, growth becomes continuous and not ad-hoc, which is what most companies suffer from. Pay attention to major trends and understand what significant transformative trends will change and shape the world. Understand technology; there are many new technical means currently, not just artificial intelligence. AR , VR Quantum technology, as well as data analysis-related technologies. You must ensure that you are prepared for all the new technologies coming ahead, whether you like them or not; they will affect your business and your region, which is something private businesses and governments around the world are experiencing. Therefore, you must be prepared to understand these technologies. You also need to understand the economic and geopolitical issues in every region of the world so that you can better prepare and ensure your supply chain can withstand factors that may become long-term market problems. Based on this, from the perspective of strategic comparison, you can identify these growth opportunities, and there are many new ones. The entrepreneurial environment is very active around the world, so you also need to pay attention to it. In the face of new opportunities, large companies usually do not try, but smaller startups will try to seize these opportunities. Unlike in the past, today we have almost unicorns emerging from all over the world. So in our view, there are indeed incredible growth opportunities, and we need to track these opportunities and establish effective channels. And growth will only be sustainable, not temporary, when you have channels. In my work with companies around the world, one question I ask them all the time is, "Do you have a growth pipeline system?" And you'll be surprised even the largest multinational companies in the US, Europe, and other parts of the world do not have a growth pipeline system. And this is very important to build a growth pipeline. So, I encourage everyone here as you go back to your offices to build a team of people who can focus on how to identify these growth opportunities and therefore build a pipeline. Of course, you have to prioritize those because you can't go after every opportunity. When I collaborate with companies around the world, I often ask one question: "Do you have a growth channel system?" You'll be surprised to find that even the largest multinational companies in the United States, Europe, and other parts of the world do not have a growth channel system. However, building growth channels is very important, and I hope that after everyone returns to the office, they will form a team focused on identifying these growth opportunities and thus building channels. Of course, you must consider priorities because you cannot chase every opportunity. So the most important one is understanding your competition, and one way to do that is to look at a framework like the Frost Radar, which evaluates companies both on innovation, as well as on growth implementation. So it's not just about listing what products and services are available, but rather evaluating based on that and then positioning yourself in the market vis-à-vis your competitors. This puts you in a very powerful position not only to grow, but to grow faster than your closest competitor. And one thing we all saw in the Olympics, there's only one gold winner. You saw the level of competition year after year, rising higher and higher. Gymnastics used to be scored on a scale of one to ten, now gymnastics is on a scale of one to sixteen, because the level of competition has gone up and up and up. So, there's only one gold medal winner, and that's what will happen in our organizations as well. There will only be one winner in the future, there is no number two, there is no number three. Because if you don't end up becoming number one, you will end up losing market share, which means being completely destroyed as a whole. Another very important aspect is understanding your competitors. One way to do this is to use systems like the 'Frost & Sullivan Radar' to assess a company's innovation capabilities and execution of growth strategies. It doesn't just look at what products or services there are, but rather evaluates on this basis, determining your positioning through comparisons with competitors in the market. In this way, you are in a very advantageous position; not only can you develop, but you can also grow faster than your closest competitors. As we saw at the Olympics, there was only one gold medal. It can be seen that the level of competition is constantly improving every year. The scores in gymnastics competitions used to be 1 than 10 Now, it is 1 than 16 Because the competition level is constantly improving. There will be only one gold medalist, and this will also happen in the business market. In the future, there will be only one winner, with no second or third place. If you ultimately do not become the first, you will eventually lose market share and be defeated as a whole. Finally, you must look at best practices, which means how do I go to market, what are the different growth processes I have to consider, whether it's a merger and acquisition or looking at ways to introduce new products or services into the market. And finally, identify companies that you can take action on with, which are those companies with whom you can partner, buy their products from, and supply them with your own products. Understanding your ecosystem is therefore very important as you embark on a global journey. Finally, it is also necessary to study the optimal implementation path, which refers to how to enter the market, what different growth strategies can be adopted, whether to choose mergers and acquisitions or introduce new products and services. It is also essential to identify which companies can cooperate with and whether they can purchase products from these cooperative enterprises or sell them to them. Therefore, in the process of globalization, understanding the industry ecosystem and determining the actions a company should take are very important. From my experience, Chinese companies are very well-positioned to be a major participant and take advantage of these global opportunities that are emerging. However, they need to follow a process. What I have shared with you today is a process that will ensure that as you embark on this journey, which I think you should do, because there is so much more that can be done in all parts of the world. Some of my colleagues who are here have expertise in those regions, so please reach out to them. They will be more than happy to work with you and help you build a robust strategy to operate in these various geographies. Then we can ensure that you are successful and avoid costly mistakes. In my view, Chinese enterprises are fully capable of making full use of these global opportunities to become an important part of the world economy. However, they still need to follow a development process, and what I am sharing today is such a process for achieving growth. I hope you can do the same, as there are many more opportunities globally. My colleagues are very professional in their fields and can be contacted; they will help you build a strong strategy for development in different regions to ensure success without high costs. We are very willing to cooperate with you. So once again, I would like to thank you very much for coming. I wish you a very successful day. Please engage with your audience, please engage with people, which is why we are here together in the first place. And as I met some senior executives, what will ultimately happen is that when we work together, we will succeed together. So with that, thank you again. Xie Xie. I would like to thank you all once again for coming today. I wish you a pleasant day. I hope that through this opportunity, we can gather together, interact with other audiences, and with those around us, to increase communication and cooperation. May we move forward hand in hand towards success. Thank you all once again, thank you.

Recently, Frost & Sullivan Frost & Sullivan Sponsored by Frost & Sullivan and co-organized by LeadLeo 2024 The 18th Frost & Sullivan China Growth, Innovation and Leadership Summit and the 3rd New Investment Conference were successfully held at the Jing'an Ruiji Hotel in Shanghai. The theme of this year's Frost & Sullivan New Investment Conference is 'Gather Strength to Win the Future', bringing together the wisdom and efforts of the global industry, academia, and investment community to jointly explore new growth points, markets, and tracks for China's economy in the new era. Mr. Peter Fung, Chairman of the Global Board of Directors at Frost & Sullivan David Frigstad ) Deliver a speech at the conference via video. Chairman of the Global Board at Frost & Sullivan Mr. Fuda Wei ( David Frigstad)       The following is Mr. Fuda Wei ( David Frigstad Key points of the speech: Welcome everyone. I am very proud to welcome you to this year's 18th Growth Innovation and Leadership Summit Shanghai China. Hello everyone! I am honored to welcome you to the 18th Frost & Sullivan Growth, Innovation and Leadership Summit (referred to as GIL Summit). I'm sorry I'm not there with you, but I'm with you in spirit. It's a pity I couldn't be there in person, but I'm connected with everyone through our hearts. And I'm so grateful that we're all here together at this record-breaking GIL event. I'm extremely grateful that we were able to achieve this record-breaking GIL We gather together at the grand event. What excites me about this year's GIL event is what's happening in the global economy, which we call the Intelligence Revolution. this year GIL What is exciting about the summit is that the global economy is undergoing a transformation, which we call the intelligent revolution. The first phase of history was truly shaped by the Industrial Revolution, which took about 150 years and had a profound impact on productivity, ranging from one to a thousandfold. The first half of history is about 150 The Industrial Revolution of the year shaped it, having a thousandfold impact on productivity. What we're going through right now is the Intelligence Revolution, which will probably occur in ten years, and we may see another tenfold increase in productivity over that period. This means there are unprecedented opportunities bubbling up all over the world. The intelligent revolution that we are currently experiencing is expected to be completed within a decade. During these ten years, our productivity may increase by hundreds or thousands of times. This means that unprecedented opportunities have emerged around the world. At the same time, incumbent competitors or players in the global economy face significant risks of being harmed by this transformation. At the same time, existing competitors or participants in the global economy are facing significant risks of being impacted by this transformation. This is what the Growth Innovation and Leadership Summit is all about - coming together to understand the transformation, what growth opportunities will stem from it, and what best practices we need to embody to outperform our toughest competitors. This is precisely the significance of the Growth, Innovation and Leadership Summit: people come together to understand this transformation, discover the growth opportunities that arise from it, and discuss the best practices we need to adopt to defeat the strongest competitors. So it's very interesting at the moment because I feel that Chinese companies like yours have unprecedented opportunities to leverage their manufacturing skills and best practices, as well as the technology integration that's been so successful here in China. I believe that the Chinese enterprise representatives here all have unprecedented opportunities, leveraging your skills and best practices in manufacturing, as well as the successful technology integration that has been achieved in China. These can now be scaled globally, creating fantastic opportunities, especially as the world undergoes this transformation, driven by advanced manufacturing, robotics, AI... all of these things that you are integrating now to make you a much stronger and faster competitor. These can now be rolled out globally, creating excellent opportunities, especially as the world undergoes a transformation driven by advanced manufacturing, robotics, and artificial intelligence. All these technologies that you are integrating now will make you a stronger and faster competitor. To do this, you really need to understand not only what's transforming the industry you're participating in but also creating the ecosystem of the entire value chain. To achieve this goal, you not only need to understand the factors changing the industries you are involved in but also need to build an ecosystem across the entire value chain. And this is not just the supply chain, but also the customer value chain, the marketing value chain, the technology value chain, and who are the right partners that you want to invest in to partner with to develop these opportunities. This is not just a supply chain issue; it also includes the customer value chain, marketing value chain, technology value chain, as well as suitable partners with whom you wish to invest and collaborate to develop these opportunities. So having a much more global mindset about how we're going to exploit these opportunities around the world. Therefore, you need to have a more global mindset to consider how to leverage these opportunities on a global scale. This is really a great time for Chinese companies to explore these global opportunities. For Chinese enterprises, this is indeed an excellent time to explore these global opportunities. On behalf of the entire Frost & Sullivan Global Team, I would like to first express my gratitude to everyone in the audience for your loyalty and dedication, taking valuable time out of your lives to help make this GIL event so powerful and popular, and bringing such great value to all of us. On behalf of the entire Frost & Sullivan global team, I would like to first express my gratitude to all of you here for taking the time out of your busy schedules to contribute so generously to this session. GIL The summit was so influential, so popular, and brought tremendous value to all of us. So thank you to all of our participants, clients, delegates, speakers. Big thank you. I would like to thank all the participants, customers, representatives, and speakers. Thank you very much. I would also like to thank my good friend and partner Dr. Neil Wang who made all this possible. I would also like to thank my good friend and partner, Dr. Wang Xin, who made all of this possible. He is by far the best leader we have in translating the Frost & Sullivan vision not only into China but into the entire global economy. He is our most outstanding leader, bringing the Frost & Sullivan vision not only to China but also into the entire global economy. Dr. Wang, thank you very much. Dr. Wang, thank you very much. And I would also like to express my heartfelt gratitude to the entire Frost & Sullivan team who is here with us today, making your experience the absolute best. I would also like to express my heartfelt gratitude to all the Frost & Sullivan team present today, who have brought the entire event experience to its optimal state. So have a great time finding some new growth opportunities, meeting some new friends, developing partnerships, and I look forward to seeing you next year. I hope everyone can have a pleasant time, find some new growth opportunities, make new friends, develop more partnerships, and sincerely look forward to meeting with you again next year. Thank you so much. Xie Xie. Thank you very much.

The 18th Frost & Sullivan China Growth, Innovation and Leadership Summit 2024 and the 3rd New Investment Conference were held in Shanghai from August 28th to 30th, 2024. On the evening of August 28th, the 2024 Global Growth, Innovation and Leadership Awards, China Awards, and Best Practice Awards were grandly announced at the 2024 Frost & Sullivan Growth, Innovation and Leadership Awards Ceremony and VIP Reception Dinner. Based on recent years In its research and analysis of the Chinese bird's nest market, as well as its study and evaluation of related companies in the industry, Frost & Sullivan has awarded Beijing Xiaoxiandun Biotechnology Co., Ltd. (hereinafter referred to as 'Xiaoxiandun') the 'Frost & Sullivan China's Fresh Bird's Nest Industry Leadership Award'. Dr. Wang Xin, Global Partner at Frost & Sullivan and Chairman of Greater China, and Wu Gang, Chief Producer of 'Great Brands', jointly presented the award to Zhou Jing, Vice President of Beijing Xiaoxiandun Biotechnology Co., Ltd. . Awarded by Frost & Sullivan Beijing Xiaoxian Stewed Biological Technology Co., Ltd. "China's Congee Bird's Nest Industry Leadership Award" Dr. Wang Xin, Global Partner and Chairman of Frost & Sullivan Greater China, and Wu Gang, Chief Producer of 'Great Brands', jointly presented awards to Zhou Jing, Vice President of Beijing Little Fairy Stewed Biotechnology Co., Ltd.   Xiaoxian Stewed Bird's Nest is the pioneer of 'Chinese Fresh Stewed Bird's Nest', dedicated to the modern development of Chinese nourishment. In 2015, Xiao Xian Duan independently designed and developed a fresh stewing technique, pioneering the category of fresh stewed bird's nest. Aiming at the pain points of families who stew bird's nest for nourishment, Xiao Xian Duan provides users with a fresh, nutritious, and convenient nourishing experience. As a leader in the industry and a benchmark of quality, Xiao Xian Duan's fresh bird's nest has won widespread recognition and praise at home and abroad for its excellent quality and innovative spirit. In 2018 and 2019, Xiao Xian Duan's fresh bird's nest received the 'Annual Most Valuable Innovation Award' and 'Annual Most Popular Product Award' from the China Bird's Nest Industry Committee, helping Chinese nourishing brands achieve modern breakthroughs. Since 2018, Xiao Xian Duan's fresh bird's nest has won the World Food Quality Award for six consecutive years, aligning Chinese nourishing culture with the world. In July 2022, Xiao Xian Duan created China's high-end bird's nest banquet, using bird's nest as a carrier to integrate nourishing health culture, gourmet culture, and modern art design, and in collaboration with Michelin restaurants, presented a new luxurious Chinese nourishing health lifestyle, promoting fresh stewed bird's nest as a new choice for nourishing lifestyles. Xiao Xian Duan adheres to the brand spirit of 'nourishing life, truest and purest', always committed to the modern development of bird's nest and Chinese nourishment.   Xiaoxian Dang, as a high-end bird's nest brand in China, has led the sales for consecutive periods and adheres to the concept of sustainable development to preserve the vitality of the brand. According to Frost & Sullivan data from 2017 to 2023, Xiaoxian Dandan has achieved leading national sales of fresh-s stewed bird's nest for seven consecutive years. Additionally, since 2019, Xiaoxian Dandan has launched quarterly empty bottle recycling activities, which have been successfully held for 15 seasons so far. Over 85,000 users have participated in the recycling campaign, recovering approximately 3.82 million empty bottles. To deepen the effect of ecological protection, Xiaoxian Dandan only uses traceable bird's nest produced by official compliant registered bird houses, signs environmental protection agreements with local partners, and actively cooperates with bird farmers, sharing sustainable development concepts and experiences. Xiaoxian Dandan not only brings nourishment and care to users with fresh-s stewed bird's nest but also joins hands with them to nourish the Earth's home. Adhering to the sustainable development concept of 'nourishing forever, coexisting with all things,' it safeguards the brand's vitality by coexisting with environmental vitality.   Xiaoxian Stew, leveraging its own scientific research capabilities, promotes the standardization of the bird's nest industry. In November 2019, XiaoXianDun took the lead in establishing a factory with a fresh-s stewed bird's nest convenience food SC production license, marking the official establishment of fresh-s stewed bird's nest production standards that differ from the canned instant bird's nest products. In June 2021, the XiaoXianDun Fresh-S stewed Bird's Nest Scientific Research Fund was established and the Academic Expert Committee for Fresh-S stewed Bird's Nest was formed, dedicated to gathering scientific research strength to assist in the high-quality development of the Chinese nourishing industry. In August 2021, XiaoXianDun took the lead in releasing group standards for 'Good Manufacturing Practice for Fresh-S stewed Bird's Nest' and 'Quality Requirements for Fresh-S stewed Bird's Nest', further promoting the standardization process of the fresh-s stewed bird's nest industry. In 2024, XiaoXianDun joined hands with five international associations and experts to take the lead in drafting the world's first standard for 'Classification of Bird's Nest Origin Grades'. Through high-quality origins, high-quality bird's nests, high-quality raw materials, and high-quality craftsmanship, it aims to bring consumers high-quality bird's nests and promote the high-quality development of the bird's nest industry.     About Frost & Sullivan's China Leadership award The Frost & Sullivan China Leadership Award is an acknowledgment of a company's outstanding performance and achievements in technological innovation, market potential, customer service, brand, and other aspects. The Frost & Sullivan team nominated a competitive group of excellent companies to the independent judging panel through methods such as in-depth interviews, industry analysis, and secondary research. An independent judging panel composed of third-party investment and financing experts, financial experts, bankers, and renowned listed entrepreneurs conducted a rigorous review of the companies nominated by the Frost & Sullivan team and decided to award the 'Frost & Sullivan China Fresh Stewed Bird's Nest Industry Leadership Award' to Beijing Xiaoxian Duan Biotechnology Co., Ltd.

The 18th Frost & Sullivan China Growth, Innovation and Leadership Summit 2024 and the 3rd New Investment Conference were held in Shanghai from August 28th to 30th, 2024. On the evening of August 28th, the 2024 Global Growth, Innovation and Leadership Awards, China Awards, and Best Practice Awards were grandly announced at the 2024 Frost & Sullivan Growth, Innovation and Leadership Awards Ceremony and VIP Reception Dinner. Based on the research and analysis of the global cognitive impairment digital therapy market in recent years, as well as the study and evaluation of related companies in the industry, Frost & Sullivan has awarded the 'Global Cognitive Impairment Digital Therapy Innovation Award' to Zhejiang Brain Motion Aurora Medical Technology Co., Ltd. (hereinafter referred to as 'Brain Motion Aurora'). The award was presented by Aroop Zutshi, Global Partner and Executive Director of the Board at Frost & Sullivan, Professor Wang Yu, President of the China Hepatitis Prevention and Control Foundation and former Director of the Chinese Center for Disease Control and Prevention, to Dr. Wang Xiaoyi, CEO of Brain Motion Aurora.   Frost & Sullivan grants Zhejiang BrainLight Medical Technology Co., Ltd. " Global Digital Therapeutics for Cognitive Disorders Innovation Award" Aroop Zutshi, Global Partner and Executive Director of the Board at Frost & Sullivan, Professor Wang Yu, President of the China Hepatitis Prevention and Control Foundation and former Director of the Chinese Center for Disease Control and Prevention, jointly presented awards to Dr. Wang Xiaoyi, CEO of Brain Motion Aurora.   BrainGate is a leading enterprise in cognitive digital therapy in China Since its establishment in 2012, BrainGate has been deeply involved in the field of digital therapeutics, serving as a pioneer and leader in China's digital therapy industry. The company combines brain science with artificial intelligence technology to develop digital products for cognitive impairment medical treatment. Its product pipeline covers the assessment and intervention of a wide range of cognitive impairments induced by vascular diseases, neurodegenerative diseases, mental illnesses, and developmental defects in children. Its core product, the Brain Function Information Management Platform Software —— Liu Liu Brain Science Brain Health (hereinafter referred to as 'Liu Liu Brain') was approved for Class II medical device registration in 2018, making it one of the earliest approved digital therapy products in China.   The advantages of LiuLiBrain® digital therapy can effectively improve the treatment outcomes for patients with cognitive impairment. The digital therapy product, LiuLiu Brain ®, under the Brain Movement Aurora brand, can assist doctors in the clinical diagnosis, treatment, and outcome assessment of patients with cognitive, speech, and psychosocial dysfunction caused by various brain injury diseases. It provides comprehensive management of cognitive language and psychological screening assessments as well as medical information on brain function data. After about a month of training, significant changes can be observed in neuropsychological data such as brain nerve fiber connectivity, electroencephalogram signals, neurotransmitter density, and clinical assessment scores. Patients also experience certain subjective changes in memory and other aspects. In 2020, the scope of LiuLiu Brain ® medical device registration has been expanded to include eight indications: vascular cognitive impairment, Alzheimer's disease, aphasia, depression, schizophrenia, sleep disorder, attention deficit hyperactivity disorder, and autism.   Propose a development strategy of 'Brain Science + AI', and build a digital therapy network for cognitive impairment Brain Motion Aurora continues to advance the research and development of digital therapies for cognitive impairment, launching the new product 'Mind Island Aurora' in 2023. Mind Island Aurora is based on evidence-based medical evidence and can achieve AI personalized cognitive training, providing treatment for patients with depression through a game interaction mode. Focusing on the diagnosis and treatment of cognitive impairment, Brain Motion Aurora has developed multiple digital therapy products for cognitive impairment, including basic cognitive ability testing software, cognitive ability supplementary screening and assessment software, and cognitive impairment treatment software. There are also 21 products under research, which are expected to provide personalized digital treatments for patients with cognitive impairment induced by diseases such as atrial fibrillation, hypertension, coronary heart disease, and Parkinson's disease in the future.     About Frost & Sullivan Global Innovation award The Frost & Sullivan Global Innovation Award recognizes outstanding performance and achievements in technology innovation, market potential, customer service, brand, and other aspects by enterprises. The Frost & Sullivan team, through in-depth interviews, industry analysis, secondary research, and other methods, nominated a group of competitive and excellent companies to an independent judging panel. An independent judging panel composed of third-party investment and financing experts, financial experts, bankers, and renowned listed entrepreneurs conducted a rigorous review of the companies nominated by the Frost & Sullivan team and decided to award the 'Global Digital Therapy for Cognitive Impairments Innovation Award' to Zhejiang Brain Motion Aurora Medical Technology Co., Ltd.

Recently, Frost & Sullivan Frost & Sullivan Sponsored by Frost & Sullivan and co-organized by LeadLeo 2024 The 18th Frost & Sullivan China Growth, Innovation and Leadership Summit and the 3rd New Investment Conference were successfully held at the Jing'an Ruiji Hotel in Shanghai. The theme of this year's Frost & Sullivan New Investment Conference is "Gather Strength to Win the Future," bringing together the wisdom and efforts of the global industry, academia, and investment community to jointly explore new growth points, markets, and tracks for China's economy in the new era. Dr. Wang Xin, Global Partner at Frost & Sullivan and Chairman of the Greater China Region, attended the opening ceremony and plenary session and delivered a welcome speech. Global Partner and Chairman of Frost & Sullivan Greater China Region Dr. Wang Xin The following are the key points of Dr. Wang Xin's speech: Distinguished Aroop Chairman, Mayor Tu, President Zhang Guohua, President Sun Jianping, leaders, guests, media friends, online and offline audiences, hello everyone! Distinguished Chairman Aroop, Vice Mayor Tu Guangshao , Good morning, Chairman Zhang Guohua, Chairman Sun Jianping, leaders, honored guests, media friends, and online and offline audience. On behalf of the organizers of this conference, Frost & Sullivan, I would like to extend a warm welcome to the leaders who have taken the time out of their busy schedules to attend this conference: Important leaders from institutions such as the China Information Association, China Listed Companies Association, China Advertising Association, China Chain Operation Association, Shanghai Modern Service Industry Federation, and China News Agency; Professor Wang Yu, former director of the National Center for Disease Control and Prevention, Director Wang Dong of the United Nations Development Programme, and Dr. Fan Renda, president of the Asian Independent Directors Association; As well as all the experts from the Frost & Sullivan New Quality Productivity and New Consumption Specialties Committees and the guests present. Warm welcome and heartfelt gratitude! On behalf of Frost & Sullivan, the conference organizer, and to all the leaders who have taken the time out of their busy schedules to attend this conference : Important leaders from organizations such as the China Information Industry Association, the Chinese Association for Public Companies, the China Advertising Association, the China Chain Store & Franchise Association, the Shanghai Services Federation, and the China News Service; Wang Yu, former Director of the Chinese Center for Disease Control and Prevention; Wang Dong, Director of the SDG Localization Programme, UNDP China; Anthony Fan, Chairman of the Asia Independent Non-Executive Director Association; And all the experts that we are about to specially appoint to Frost & Sullivan's New Quality Productive Forces, New Consumption, and other special committees. I extend my heartfelt gratitude and warm welcome to all of you for your presence! Due to time constraints, I would like to briefly report on several important agendas of this conference, which cannot be covered in detail. Given the time constraints, I would like to briefly highlight some key items on the conference agenda. Although I will not be able to cover every item, I will touch on the core issues. New productive forces   "New Quality Productive Forces" First, go through 40 After years of reform and opening up, China's GDP Achieved more than 300 A doubling of growth is a great feat in the history of human development, which will be forever inscribed in the annals! Firstly, over the past 40-plus years of reform and opening up, China's GDP has grown by nearly 300 times, a monumental achievement in the annals of human development and undoubtedly etched in the pages of history forever! Under the new development conditions, we face more complex forms and some challenges in development. To address these challenges, the Party and the state have proposed to actively cultivate and develop new types of productive forces. Under the new development conditions, we are confronted with increasingly complex circumstances and various developmental challenges. In response to these challenges, the Communist Party of China and the State have put forward the initiative to actively foster and develop new quality productive forces. Frost & Sullivan, responding to the call of the nation, jointly with LeadLeo, published China's Future 50 The white paper "Annual Industry Development Trends" aims to spark discussions and inspire ideas. In several core areas, such as artificial intelligence, intelligent manufacturing, mass consumption, life sciences, and carbon neutrality, we hope to jointly identify new growth points and development opportunities, and together create new types of productive forces. In response to the national call, Frost & Sullivan, in conjunction with LeadLeo, has published the "White Paper on China's Industrial Development Trends for the Next 50 Years." We hope this initiative will spark further dialogue and innovation. Our focus is on key sectors such as AI, intelligent manufacturing, mass consumption, life sciences, and carbon neutrality. In these areas, we aim to collaboratively uncover new growth opportunities and development prospects, working together to foster new quality productive forces. Going global   "Going Global"   Secondly, there is a very hot topic that we are all talking about now: going global. We are particularly fortunate to have the strong support of the China Listed Companies Association and Vice President Sun Nianrui. Frost & Sullivan has helped tens of thousands of Chinese enterprises enter international capital markets, serving as an important bridge for companies going global. Recently, however, due to time constraints, Mr. David Fung, Global Chairman of Frost & Sullivan, recorded a brief video. We had originally planned for him to come, but he has published a new book called The Growth Coaching Book It is the 'Enterprise Growth Guide'. In this book, a systematic discussion and sharing are provided on how enterprises can successfully go global. I also hope that all of you present here will review and offer your comments. Our second key topic is one that's generating significant buzz: global expansion. Thanks to the strong support from the China Association for Public Companies and Vice Chairman Sun Nianrui, Frost & Sullivan has helped tens of thousands of Chinese enterprises enter international capital markets, serving as the best "bridge" for enterprises going global. Recently, David Frigstad, Global Chairman of Frost & Sullivan, had planned to join us but due to scheduling conflicts, has prepared a brief video message instead. He has recently published "The Growth Coaching Book," which offers a comprehensive guide on successful global expansion. Strategies for businesses. We invite all attendees to review this work and share your valuable insights. brand   "Branding"   Another very important issue is that, as is well known, China has numerous time-honored brands, and in recent years, a large number of new brands with global influence have also emerged. Brand building in China is a major national strategy. At this conference, we are honored to have invited top experts such as President Zhang Guohua of the China Advertising Association and Mr. Wu Gang, the chief producer of "Great Power Brands," to share their valuable experiences and work with us to build great power brands. Another crucial topic on our agenda concerns China's brand landscape. As we know, China has many time-honored brands and has also seen the emergence of a large number of new influential brands globally in recent years. The development of Chinese brands is, in fact, a key national strategy. At this conference, we are honored to have invited top experts such as Zhang Guohua, Chairman of the China Advertising Association, and Wu Gang, Executive Producer of THE GROWING OF THE GREAT BRAND, will share their experiences and work together with fellow industry professionals to create great national brands. Gratitude, cooperation, and win-win   "Gratitude, Cooperation, Win-win" Frost & Sullivan conferences are held globally in more than 30 The history of its hosting dates back to 18 Session. Thank you to President Sun Jianping of the Shanghai Service Industry Federation for coming to the conference site to inspect and guide the work. Frost & Sullivan will, as always: The Frost & Sullivan's Summit has a global history of over 30 years and has been successfully held in China for 18 consecutive years. We are honored by the presence of Chairman Sun Jianping from the Shanghai Modern Service Industry Federation, who has graciously attended this conference to offer his valuable guidance. Moving forward, Frost & Sullivan remains committed to: Based in Shanghai, serving China, facing the world, and achieving win-win cooperation! Based in Shanghai, serving China, facing the world, and achieving win-win cooperation! Finally, I wish the conference a complete success! Thank you all! Finally, I wish the GIL/NIE complete success! Thank you all! Dr. Wang Xin, Global Partner and Chairman of Frost & Sullivan Greater China Region

The 18th Frost & Sullivan China Growth, Innovation and Leadership Summit 2024 and the 3rd New Investment Conference were held in Shanghai from August 28th to 30th, 2024. On the evening of August 28th, the 2024 Frost & Sullivan Global Growth, Innovation and Leadership Awards for China were grandly announced at the 2024 Annual Awards Ceremony and VIP Reception for the Growth, Innovation and Leadership Awards. Based on recent research and analysis of the global stem cell drug R&D market, as well as studies and evaluations of related companies in the industry, Frost & Sullivan has awarded Beijing Zehui Chenxing Biotechnology Co., Ltd. (hereinafter referred to as 'Zehui Biotech') the '2024 Global Innovative Stem Cell Drug R&D Award'. The award was presented jointly by Aroop Zutshi, Global Managing Partner and Executive Director of the Board of Directors at Frost & Sullivan, and Professor Wang Yu, President of the China Hepatitis Prevention and Control Foundation and former Director of the Chinese Center for Disease Control and Prevention. Frost & Sullivan awards Beijing Zehui Chenxing Biotechnology Co., Ltd. ‘2024 Global Innovative Stem Cell Drug R&D Award’ Aroop Zutshi, Global Managing Partner and Executive Director of the Board of Directors at Frost & Sullivan, and Professor Wang Yu, President of the China Hepatitis Prevention and Control Foundation and former Director of the Chinese Center for Disease Control and Prevention, jointly presented the award to Dr. Jia Yi, Chief Medical Officer of Zehui Biotech   Zehui Biotech is a leading Chinese enterprise focusing on stem cell drug R&D and production Founded in 2018 and headquartered in Beijing, Zehui Biotech is a leading biopharmaceutical company in China focusing on multi-line stem cell drug R&D and production. Based on multi-line stem cells seed cell bank advantages in drug development, the company has developed differentiation processes and formulation R&D systems for cells with different germ layer functions through R&D, established a multi-line stem cell drug platform, and several pipelines have entered the clinical Phase II R&D stage.   Accelerate innovation and achievement transformation of stem cell technology to bring revolutionary breakthroughs in defeating diseases for humanity In June 2019, Zehui Biotech and the Institute of Zoology, Chinese Academy of Sciences reached a strategic cooperation agreement to develop multi-line stem cell drugs with independent intellectual property rights in China to fill the current unmet human medical needs with traditional drugs and treatment methods and promote the clinical application and industrial transformation of stem cells. In 2023, Zehui Biotech received approval from the National Medical Products Administration (NMPA) to conduct Phase II clinical trials for two indications of acute graft-versus-host disease and acute exacerbation of interstitial lung disease using CAStem cell injection. Previously, the company's new drug clinical trials for CAStem cell injection in the treatment of acute respiratory distress syndrome and meniscus injury were approved by the NMPA.   The product has obvious advantages, and the R&D indications meet different clinical treatment needs The stem cell drugs developed by Zehui Biotech come from different functional cells differentiated from human embryonic stem cells. Its main advantages are that the source of the product's seed cells is consistent and stable, the biological characteristics of different batches of cell products are completely identical, the product process meets GMP requirements, and it can meet the industrial large-scale production of drugs in the future. Based on the characteristics of its own products, Zehui Biotech's R&D indications are targeted at diseases that currently lack effective treatment methods and clinical applications in sudden emergency medical events/pandemics. Currently, the company is conducting parallel pharmacological research, preclinical trials, and registration clinical trials for different indications, covering acute respiratory distress syndrome and interstitial lung disease in the respiratory system, graft-versus-host disease in the immune system, meniscus injury in the bone and joint system, etc.     About Frost & Sullivan's Global Innovation Award The Frost & Sullivan Global Innovation Award recognizes the outstanding performance and remarkable achievements of enterprises in terms of technological innovation, market potential, customer service, brand, etc. The Frost & Sullivan team has nominated a group of competitive and excellent enterprises to the independent judging panel through methods such as in-depth interviews, industry analysis, and secondary research. An independent judging panel composed of third-party investment and financing experts, financial experts, bankers, and well-known listed entrepreneurs conducts strict evaluations of the enterprises nominated by the Frost & Sullivan team and decides to award the '2024 Global Innovative Stem Cell Drug R&D Award' to Beijing Zehui Chenxing Biotechnology Co., Ltd.

The 18th Frost & Sullivan China Growth, Innovation and Leadership Summit 2024, along with the 3rd New Investment Conference, was held in Shanghai from August 28 to 30, 2024. On the evening of August 28, the 2024 Global Growth, Innovation and Leadership Awards, China Awards, and Best Practice Awards were grandly announced at the 2024 Frost & Sullivan Growth, Innovation and Leadership Awards Ceremony and VIP Reception Dinner. Based on the research and analysis of the Chinese generative AI application market in recent years, as well as the research and evaluation of related companies in the industry, Frost & Sullivan has awarded Frost & Sullivan Growth Partnership to Innovent AI & Robotics Co., Ltd. (hereinafter referred to as ' Innovative ingenuity The Frost & Sullivan 'Best Solution Provider in China's Generative AI Industrial Manufacturing Industry' and 'Best Application Practice Award in China's Generative AI Industrial Manufacturing Industry' were awarded to Tianqi Automation Engineering Co., Ltd. (hereinafter referred to as 'Tianqi Co., Ltd.') by Mr. Wang Chenhui, Managing Partner and President of Frost & Sullivan Greater China, and Mr. Xu Shilong, a member of the National Committee of the Chinese People's Political Consultative Conference and Chairman of Shanghai Port Group. Frost & Sullivan awarded Frost & Sullivan Innovation Centres to Innovent Smart Group Co., Ltd. "Best Solution Provider for China's Generative AI Industrial Manufacturing Industry" Frost & Sullivan grants to Tianqi Automation Engineering Co., Ltd. "Best Application Practice Award in China's Generative AI Industrial Manufacturing Industry" Wang Chenhui, Partner-in-Chief and President of Frost & Sullivan Greater China, and Xu Shilong, Member of the National Committee of the Chinese People's Political Consultative Conference and Chairman of Shanghai Port Group, presented awards to the Innovative Thinkers.   Innovative Intelligence is a high-tech enterprise in China focusing on artificial intelligence technology AInnovation Technology Group Co., Ltd. (AInnovation, stock code 2121.HK) was established in February 2018 with the mission of "empowering business value through artificial intelligence." It is a rapidly developing enterprise-level AI solution provider and a leading provider of "AI+manufacturing" solutions in China. The company is committed to providing enterprises with AI products and solutions using cutting-edge artificial intelligence technology to improve customer operational efficiency and business value, and achieve digital transformation.   Innovative Intelligence focuses on "AI + Manufacturing", concentrating on building five major business themes: "Industrial software, digital intelligence software, industrial logistics, intelligent equipment, and sustainable industry". It empowers industry customers in sub-sectors such as steel metallurgy, panel semiconductors, 3C high-tech, automotive equipment, energy and power, engineering construction, food and beverage & new materials, and smart manufacturing training. The company has independently developed the "MMOC Artificial Intelligence Technology Platform" and "AInnoGC Industrial Large Model Technology Platform" for industry applications, with a cumulative application for more than 1,300 patents and has been recognized as an enterprise with national intellectual property advantages.   Innovative Intelligence has been recognized by the Ministry of Industry and Information Technology as a 'National Specialized, Refined, Unique and New-Type Giant Enterprise' and is a high-quality development award recipient at the Shandong provincial level. According to IDC data, Innovative Intelligence currently ranks third in the market share of computer vision in China, fourth in the market share of machine learning platforms, and first in the market share of AI industrial quality inspection solutions in China.   Tianqi Co., Ltd. is a leading intelligent manufacturing enterprise in China. Tianqi Automation Engineering Co., Ltd. was established in 1984 and listed on the Shenzhen Stock Exchange in 2004. It is a well-known leading enterprise in intelligent equipment at home and abroad. The company has built four major business sectors: intelligent equipment, recycling industry, heavy industrial equipment, and new energy industry, covering areas such as automotive equipment manufacturing, intelligent warehousing, and recycling equipment. With its diversified business layout, Tianqi shares have gradually formed an industrial group with comprehensive services. Through technological innovation and industrial integration, it provides customers with comprehensive intelligent solutions, continuously promotes business development, and has achieved market influence globally.   Core Advantages of the Innovative Intelligence and Tianqi Co-operation Project The cooperation between InnoMind and Tianqi Co., Ltd. will fully leverage the strengths of both parties in generative AI core technologies and large model intelligent interaction, jointly promoting the intelligent upgrading of industries such as automotive assembly, intelligent Q&A, and data query. InnoMind has provided an industrial large model solution with profound industry insights and data accumulation according to the actual needs of Tianqi Co., Ltd., including large models, service engines, and AIGC The application covers three levels of capabilities and supports multiple access interfaces and private deployment. This solution has helped Tianqi Co., Ltd. optimize key business processes such as knowledge query, data analysis, and equipment management, significantly improving work efficiency and decision-making quality. By innovating the ChatDoc knowledge Q&A and ChatBI data analysis applications provided by Qizhi, employees of Tianqi Co., Ltd. can obtain accurate knowledge and data analysis results in a short time, thereby reducing operational difficulty, increasing productivity, and enhancing market competitiveness. This collaboration will also enhance the brand influence and market competitiveness of Tianqi Co., Ltd.'s intelligent equipment business, comprehensively strengthening the company's core competitiveness.     About the Frost & Sullivan China Gartner AI Industry Magic Quadrant Awards When enterprise users of generative AI choose relevant solutions, they face many factors such as model requirement adaptability, content security and compliance, as well as the cost-effectiveness of solution deployment. Based on this, Frost & Sullivan has integrated traditional and innovative research methodologies and established four dimensions: functional value and applicability, technical performance and innovation, implementation and support, and customer experience and satisfaction feedback. These dimensions comprehensively and objectively present the best application cases of generative AI across various industries.   The Frost & Sullivan China's Best Solution Provider in the Generative AI Industrial Manufacturing Industry and the Best Application Practice Award are recognitions for companies' outstanding performance and related capabilities in functional value, technological innovation, customer service, and customer satisfaction. The Frost & Sullivan team has nominated a competitive group of outstanding enterprises to the independent judging panel through methods such as in-depth interviews, industry analysis, and secondary research. An independent judging panel composed of third-party investment and financing experts, financial experts, bankers, and renowned listed entrepreneurs conducted a rigorous review of the enterprises nominated by the Frost & Sullivan team and decided to award 'Best Solution Provider in the Generative AI Industrial Manufacturing Industry' to Innovation Qizhi Technology Group Co., Ltd. and 'Best Application Practice Award' to Tianqi Automation Engineering Co., Ltd.

The 18th Frost & Sullivan China Growth, Innovation and Leadership Summit 2024 and the 3rd New Investment Conference were held again in Shanghai from August 28 to 30, 2024. On the evening of August 28, the 2024 Frost & Sullivan Global Growth, Innovation and Leadership Awards, China Awards, and Best Practices Awards were grandly announced at the 2024 Frost & Sullivan Growth, Innovation and Leadership Awards Ceremony and VIP Reception Dinner. Based on In recent years, through research and analysis of the Chinese home textile market, as well as studies and evaluations of related companies in the industry, Frost & Sullivan has awarded Shanghai Water Star Home Textiles Co., Ltd. (hereinafter referred to as 'Water Star Home Textiles') the 'Leadership in the Chinese Home Textile Industry Award'. This award was jointly presented by Dr. Wang Xin, Global Partner at Frost & Sullivan and Chairman of the Greater China Region, and Wu Gang, Chief Producer of 'Great Brands'. Li Feiyu, a director of Shanghai Mercury Home Textiles Co., Ltd., presented the award. Awarded by Frost & Sullivan Shanghai Mercury Home Textiles Co., Ltd. "China Textile Industry Leadership Award" Dr. Wang Xin, Global Partner and Chairman of Frost & Sullivan Greater China Region, and Wu Gang, Chief Producer of 'Great Brands', jointly presented awards to Li Feiyu, Director of Shanghai Mercury Home Textiles Co., Ltd.   Mercury Home Textiles is committed to safeguarding consumers' healthy sleep Mercury Home Textiles, with Mercury as its main brand, offers a wide range of products including bed sets, quilts, pillowcases, single-piece combinations, reclining cushions, children's products, summer bedding, blankets, and more than 300 varieties across eight major series. It achieves full-category and age-range market coverage to meet the diverse and personalized needs of consumers. The company adheres to its corporate mission of 'letting families sleep well' and its brand proposition 'Choose Mercury for a good pillowcase', dedicated to providing consumers with healthy sleep bedding that balances 'comfort and aesthetics' through the concept of 'smart sleep manufacturing'. Certified by Frost & Sullivan, Mercury Home Textiles ranked first in the national sales of healthy sleep bedding for two consecutive years from 2022 to 2023, and in 2023, it achieved first place in global pillowcase sales as well as in the sales of children's beds in China.   As the mainstay among home textile brands, Mercury Home Textiles has become a leader in the industry with its outstanding honors and achievements Since its establishment in 1987 and over thirty years of development, Mercury Home Textiles has become an important pioneer in China's modern home textile industry. It has now developed into a specialized and modern enterprise integrating R&D, design, production, and sales with multiple brands, leading the industry in comprehensive strength. Since its inception, the company has successively received honors such as "Shanghai Famous Brand Product," "China's Well-known Trademark," "National Textile Industry Quality Leader," "National Product and Service Quality Integrity Demonstration Enterprise," "2022 National Intellectual Property Advantage Enterprise," "2022-2023 Sleep Industry Influential Enterprise," "2023 China Textile and Apparel Brand Competitiveness Advantage Enterprise," and "2023 China's 500 Most Valuable Brands." Based on its leading product quality, the company has established a good brand image at home and abroad through brand strategy, image promotion, market publicity, and other means.   Mercury Home Textiles focuses on user needs, deepens R&D and management, and creates high-quality home textile products Since 2020, entrusted by the China National Textile Association, Mercury Home Textiles has jointly released white papers with the China Sleep Research Society for four consecutive years. In 2024, Mercury Home Textiles will collaborate with Frost & Sullivan to launch the 'China Pillow White Paper', exploring users' pillow usage habits and core needs, and conveying the concepts of healthy sleep and high-quality life to consumers. In terms of research and development, Mercury Home Textiles is committed to integrating industry resources such as scientific research institutions and technology centers, based on consumer needs, for product research and development and optimization upgrades. In terms of enterprise management, in order to steadily deliver high-quality products to consumers, Mercury Home Textiles continuously standardizes its enterprise management according to the standards of modern enterprise systems, combined with its own actual situation. Since 2001, it has successively introduced and taken the lead in passing multiple management system certifications and ERP information system construction in the industry, leading in the industry in terms of quality, environment, safety, occupational health, and information management.     About Frost & Sullivan's China Leadership award The Frost & Sullivan China Leadership Award recognizes outstanding performance and achievements in technology innovation, market potential, customer service, brand, and other aspects by enterprises. The Frost & Sullivan team, through in-depth interviews, industry analysis, secondary research, and other methods, nominated a competitive group of outstanding companies to an independent judging panel. The independent judging panel, composed of third-party investment and financing experts, financial experts, bankers, and renowned listed entrepreneurs, conducted a rigorous review of the companies nominated by the Frost & Sullivan team and decided to award the 'China Home Textile Industry Leadership Award' to Shanghai Water Star Home Textiles Co., Ltd.

The 18th Frost & Sullivan China Growth, Innovation and Leadership Summit 2024 and the 3rd New Investment Conference were held again in Shanghai from August 28th to 30th, 2024. On the evening of August 28th, the 2024 Frost & Sullivan Global Growth, Innovation and Leadership Awards, China Awards, and Best Practices Awards were grandly announced at the 2024 Frost & Sullivan Growth, Innovation and Leadership Awards Ceremony and VIP Reception. Based on the research and analysis of the global CDMO market in recent years, as well as the study and evaluation of related companies in the industry, Frost & Sullivan has awarded Bibo Biotech the 'Global Biopharmaceutical CDMO Technology Leadership Award'. The award was presented jointly by Aroop Zutshi, Global Managing Partner and Executive Director of the Board at Frost & Sullivan, Professor Wang Yu, President of the China Hepatitis Prevention and Control Foundation and former Director of the Chinese Center for Disease Control and Prevention, to Dr. Jiao Peng, Chairman and CEO of Bibo Biotech. Frost & Sullivan awarded Frost & Sullivan Best Practices to Bibo Biology "Global Biopharmaceutical CDMO Technology Leadership Award" Aroop Zutshi, Global Partner and Executive Director of the Board at Frost & Sullivan, Professor Wang Yu, President of the China Hepatitis Prevention and Control Foundation and former Director of the Chinese Center for Disease Control and Prevention, jointly presented awards to Dr. Jiao Peng, Chairman and CEO of Bibo Biotech.   Bibo Biotech is a one-stop CDMO covering the entire lifecycle of biopharmaceutical CMC, including discovery, development, manufacturing, and commercialization. Bibo Biotech was established in Boston, USA in 2014 and currently has two R&D centers and three GMP factories globally. In response to the increasingly diversified market demands of the biopharmaceutical industry, Bibo Biotech has built a full technology platform centered around microbial fermentation, mammalian cell culture, gene therapy, and antibody-drug conjugates (ADCs), providing one-stop services from DNA to IND/BLA, from cell line development to large-scale commercial production. At the same time, anchored by the highest international technical and quality standards, relying on the Boston R&D center and global production capacity, the company has established a comprehensive quality and operational management system that complies with international CDMO industry standards such as those of the United States and the European Union, efficiently serving global customers.   Bibo Biotechnology has pioneered a 30,000-liter ultra-large-scale production platform globally, leading the fourth wave of biomanufacturing development. In the evolution of the biopharmaceutical manufacturing industry, the innovation of production technology platforms and operational models, as well as the leap towards higher levels of capacity organization scale, are continuously setting off waves of development. Bioprocess Technology Group (BPG) successfully completed the construction of a single-tank 30,000-liter ultra-large-scale production line in 2023 and commenced operation in March 2024, marking the official entry into the fourth wave of biomanufacturing technology. BPG has precisely seized the opportunity of the explosive development of the biopharmaceutical industry and, over the years, targeted and broken through the core technologies of biopharmaceutical industrialization—ultra-large-scale bioreactor manufacturing and cell culture technology. Since its establishment, the company has focused on the core challenges in the commercial production of biopharmaceuticals, using the autonomous design and manufacture of ultra-large-scale stainless steel bioreactors and new-generation production processes and models as industry entry points. It has become the world's first and only CDMO to launch a single-tank 30,000-liter ultra-large-scale stainless steel bioreactor with the largest working volume. Compared to the currently mainstream volume specification of 15,000 liters for large-scale commercial production of biopharmaceuticals internationally, the 30,000-liter reactor (working volume) has successfully achieved an engineering amplification of more than 2.5 times.   Bibo Biologics is reshaping the cost system of biopharmaceuticals, bringing well-being to patients worldwide. Bibo Biotech has utilized the 'scale-cost' effect to break through the single-tank limit of 30,000 liters for the first time internationally. Relying on this unique advantage, Bibo Biotech has further enhanced the agglomeration effect of production capacity and is working towards advancing the construction of a total production capacity of one million liters. In addition, Bibo Biotech has achieved an organic combination of engineering economy, production flexibility and convenience, as well as process stability, through the synergy of the PanFlex-Engineering, Grand-CHO platform process, and pulsating continuous production model. This can significantly improve the output efficiency of biologics, increase the utilization rate of equipment and facilities, and reduce operating costs. By integrating breakthroughs and diverse synergies in engineering, process, production line, and production model, Bibo Biotech will leverage its absolute industrialization advantage to help biopharmaceutical companies break through production cost limitations once again, thereby enhancing the accessibility of biologics and meeting the global patient demand for high-quality, affordable biologics.     About Frost & Sullivan's Global Leadership award The Frost & Sullivan Global Leadership Award is a recognition of an enterprise's outstanding performance and achievements in technological innovation, market potential, customer service, brand, and other aspects. The Frost & Sullivan team nominated a competitive group of excellent companies to the independent judging panel through methods such as in-depth interviews, industry analysis, and secondary research. An independent judging panel composed of third-party investment and financing experts, financial experts, bankers, and renowned listed entrepreneurs conducted a rigorous review of the companies nominated by the Frost & Sullivan team and decided to award the 'Global Biopharmaceutical CDMO Technology Leadership Award' to Bibo Biotech.

2024 Frost & Sullivan' AI The sub-forum on reconstructing the digital economy successfully concluded! 8 month 30 Today, Frost & Sullivan Frost & Sullivan The Digital Economy Sub-forum of the 3rd New Investment Expo and the 18th Frost & Sullivan Global Growth, Innovation & Leadership Summit (referred to as the 'Frost & Sullivan New Investment Conference') concluded successfully. The forum was co-hosted by Frost & Sullivan and LeadLeo, with the assistance of the China Academy of Information and Communications Technology. With the continuous expansion of the digital economy, the importance of artificial intelligence in the global economy has become even more prominent. 2024 In [year], China's digital economy is at a critical stage of accelerated development, with the application of artificial intelligence deeply penetrating into various industries and becoming the core driving force for economic growth. Especially with the government's promotion of “ AI+ "Under the plan, AI The integration and application of technology are advancing rapidly across multiple fields, from the digital transformation of traditional industries to the rapid development of emerging industries. AI We are comprehensively enhancing China's competitiveness in the global digital economy. Therefore, how to seize the digital economy and AI New opportunities in the field have become a focus of attention for investors and entrepreneurs. At the Digital Economy Sub-forum, participants focused on “ AI The sub-forum on "Reconstructing the Digital Economy" jointly explored new opportunities for digital economy investment and financing. The participants also focused on AI How digital technologies, with Frost & Sullivan as the core engine, empower various industries and explore their commercial value and potential were discussed in depth at the conference site. Combining the research insights of Frost & Sullivan, the event grandly released 'Construction of Intelligent Computing Cloud Ecosystem', 'Mid-year Evaluation of Large Model Research and Development Capabilities', 'Generative AI Key reports such as "Best Practice Awards Report" are released. NIE 2024 Executive Director, Greater China, Frost & Sullivan Mr. Zhang Zhiwei Mr. Zhang Zhiwei, Executive Director of Frost & Sullivan Greater China, presided over the event 2024 Frost & Sullivan held a sub-forum on the digital economy at its new investment conference and delivered an opening speech, officially kicking off this forum.   Opening Remarks President of Big Data Branch of China Information Association Mr. Fu Boyan Mr. Fu Boyan, President of the Big Data Branch of the China Information Association, delivered a welcome speech as a distinguished guest, expressing his best wishes for the successful holding of the forum. Mr. Fu Boyan emphasized in his speech AI Highlighting the significant role of big data in driving the development of the digital economy, it is pointed out that they are leading the global economy into a new phase. In China AI Significant progress has been made in the integrated application of big data, forming an ecosystem covering the entire industrial chain. However, Mr. Fu also reminded everyone that while technological progress is taking place, attention must also be paid to issues such as data security, privacy protection, and algorithm fairness. He looks forward to achieving a harmonious coexistence of technological innovation and social responsibility through discussions at the forum, and jointly welcoming AI Opportunities and challenges brought about by big data. Partner and Managing Director of Frost & Sullivan Greater China Region Mr. Yang Xiaocheng Mr. Yang Xiaocheng, Partner and Managing Director of Frost & Sullivan Greater China, delivered a welcome speech for the forum. Mr. Yang Xiaocheng emphasized the key role of artificial intelligence in the current global economic transformation during his speech, pointing out AI It has not only changed the way work is done but also profoundly impacted business operations and industrial development. This time, “ AI The theme of the 'Reconstructing the Digital Economy' forum is proposed against this backdrop, and he looks forward to finding more innovative ideas and cooperation opportunities through forum exchanges. At the forum, Frost & Sullivan will release a series AI The latest research reports are relevant and cover applications across multiple industries, inviting top experts to share their profound insights. Mr. Yang Xiaocheng finally expressed his gratitude to the attendees and partners for their support and conveyed his expectations for AI The expectations for empowering the future of the digital economy.   Keynote Speech The Sight Chief Algorithm Scientist, Professor at the School of Automation and Electrical Engineering, Beihang University Mr. Qin Zengchang   Keynote 1 From data to decision, AI How to digitalize the consumer market and increase profits First, The Sight Mr. Qin Zengchang, Chief Algorithm Scientist and Professor at the School of Automation and Electrical Engineering, Beihang University, delivered a presentation titled 'From Data to Decision, AI How to digitally transform the consumer market and achieve profit improvement" keynote speech, covering data-driven insights into the consumer market, intelligent algorithm optimization, and AI It is elaborated in detail on multiple aspects such as application in the decision-making process AI Technology can help enterprises improve profit margins in the fierce market competition through precise data analysis and intelligent decision-making, and provides new ideas and methods for future digital transformation. Deputy Director of Cloud Computing Department, Institute of Cloud Computing and Big Data, China Academy of Information and Communications Technology Mr. Zheng Li   Keynote Speech 2 Insights into the Development Trend of Intelligent Computing Industry Mr. Zheng Li, Deputy Director of the Cloud Computing Department at the Institute of Cloud Computing and Big Data of the China Academy of Information and Communications Technology, analyzed in depth the development background and future trends of the intelligent computing industry during his keynote speech on "Insights into the Development Trends of Intelligent Computing Industries." He pointed out that with the advancement of the "East Data West Computing" project, China's computing infrastructure is developing rapidly, bringing unprecedented opportunities. However, the intelligent computing industry also faces challenges such as insufficient supply-demand matching of computing power, high energy consumption, and an imperfect security system. To address this, Mr. Zheng Li released the "Influence Matrix of Intelligent Computing Cloud Ecosystem," which provides comprehensive guidance and important references for enterprises and users in product selection and market decision-making by evaluating the influence of various components within the intelligent computing cloud ecosystem. "The 2024 Release and Interpretation of the "White Paper on the Development of Hong Kong's Artificial Intelligence Industry in 2021" Chairman and Chief Executive Officer of SULLIVAN TELE-TREND CLOUD TECHNOLOGY, TradeGo Mr. Wan Yong   At the forum, Mr. Wan Yong, Chairman of SULLIVAN TELE-TREND CLOUD TECHNOLOGY and Chief Executive Officer of TradeGo, delivered a keynote titled 2024 Annual Hong Kong Artificial Intelligence Industry Development White Paper". Mr. Wan Yong stated that the core focus of this white paper is to comprehensively analyze the current situation and future development trends of the Hong Kong artificial intelligence industry. The white paper details a global AI The overall market trend emphasizes China's important position in the global artificial intelligence field, especially its leading role in terms of the number of AI companies and top researchers. In addition, the white paper also provides an in-depth analysis of China AI Market development trends, including the continuous growth of core industry scale, the current state of enterprise technology distribution, and the key roles of technology cooperation such as big data and cloud computing. At the same time, the white paper systematically sorts out the issuance situation of artificial intelligence enterprises in the Hong Kong stock market, covering the market value performance of listed companies, the participation of cornerstone investors, and their performance in the Hong Kong Stock Connect. It also looks ahead to the Hong Kong stock market in the next few years. AI Industry growth potential and challenges.   Release of quadrant chart reports and mid-year evaluation of large research models / Generative AI Best Practice Award Report Release Director, Greater China, Frost & Sullivan Ms. Li Qing   Ms. Li Qing, Director of Frost & Sullivan Greater China, delivers a blockbuster report titled 2024 Mid-Year Evaluation Report of Annual Research Large Model》and `Generative AI Best Practice Award Report, and introduced 2024 Throughout the year AI Report release plan for the domain. Ms. Li Qing focused on generative AI And the in-depth application of large model technology across various industries and its transformative impact on industry research fields. She elaborated in detail on generative AI How to empower key industries such as finance, healthcare, and education by improving production efficiency, reducing operating costs, and enhancing the customer experience. In addition, she also introduced the collaboration between Frost & Sullivan and LeadLeo Research Institutes in 2024 The comprehensive evaluation results for mainstream large models targeting the Chinese market in 2023 highlight the importance of large models in industry research, including improving the efficiency of research report output, optimizing text quality, and accelerating information retrieval capabilities. These evaluation results and best practice cases not only demonstrate generative AI Combined with the current application level of large model technology, it also provides profound insights for the future digital transformation of various industries.   Keynote Speech Director of Business Strategy Research at Shangtang Technology Mr. Liu Liang   Keynote Speech 3 The next big event in large model development: multimodal, new interactions, and end-side models Next, Mr. Liu Liang, Director of Strategic Research at SenseTime Technology, delivered a keynote speech titled 'The Next Big Event in the Development of Large Language Models: Multimodal, New Interactions, and End-Device Models'. Mr. Liu Liang elaborated on the next key trend in the development of large models, focusing on multimodal technology, new human-computer interaction, and end-device models. He pointed out that multimodal technology will drive the intelligent development of large models in complex application scenarios by integrating data forms such as text, images, audio, and video to achieve stronger understanding and generation capabilities. At the same time, Mr. Liu Liang emphasized the importance of new interaction methods, stating that in the future, large models will enhance user experience through more natural language processing and intelligent feedback. The development of end-device models will enable large models to play a greater role in mobile devices and edge computing, providing real-time processing and decision-making capabilities, further promoting AI The popularization and application of technology. Aladin Health Care ( shanghai ) Mr. Yuan Kejian, Chief Operating Officer of the Elderly Care Service Co., Ltd.   Keynote Speech 4 : AI Exploration and Practice of Technology in the Field of Big Health Aladin Health Care ( shanghai ) Mr. Yuan Kejian, Chief Operating Officer of the Pension Service Co., Ltd., delivered a speech titled ' AI Technical Exploration and Practice in the Field of Big Health" keynote speech. Mr. Yuan Kekian elaborated in detail AI How technology is applied and innovated in fields such as health management, elderly care, and chronic disease management. He introduced through AI Technology for personalized health assessments, intelligent monitoring and early warning systems, as well as how to use big data analysis to improve the allocation efficiency of medical resources, thereby enhancing the treatment outcomes and quality of life for patients. In addition, he also shared Aladdin Health's integration AI With successful experience in the field of big health industry, it demonstrates AI Great potential in improving the quality and efficiency of elderly care services. Mr. Weike Li, Founder and President of Digital Artificial Intelligence   Keynote Speech 5 Digital Human Artificial Intelligence Mr. Weike Li, founder and president of Digital Human AI, chairman of the North Film Century Group, and partner at Qing Kong Zhidao Education, delivered a keynote speech titled "Digital Human AI". Mr. Wilke elaborated in detail AI The application and innovation of technology in the field of education. He introduced how through AI Course link design based on technology can greatly improve teaching quality and learning outcomes. Li Weike emphasized that AI The introduction of technology can not only assist teachers in better understanding and evaluating students' learning progress, but also provide personalized learning paths and resources by analyzing students' learning data, thereby meeting the unique needs of each student. In addition, AI Technology can also help students learn independently through intelligence SaaS The learning platform allows students to access rich learning resources anytime and anywhere, enabling them to study at their own pace and according to their interests. This autonomous learning method not only cultivates students' independent thinking abilities but also helps them establish self-driven learning habits. Mr. Wick also mentioned, AI The emergence of digital twin teachers has significantly reduced the time cost for experts and professors as well as the class hour costs for educational institutions. Through a single recording and filming session of training, educators can obtain unlimited-duration course updates and synchronize them in real-time with digital humans. SaaS The platform produces courses to ensure that students receive the latest learning content. This innovative teaching model is expected to bring revolutionary changes to the education industry in the post-pandemic era. Roundtable Discussion: Differences between China and the US in the Development of Large Models and Thoughts on General Large Models Chinese enterprises are facing multiple tests in the exploration of large model development, including differences between China and the US and industry application challenges. To delve deeper into this topic, the conference held a roundtable discussion on "Decoding Investment Opportunities and Value Mining for Large Models." Industry experts gathered together, including Lu Jiaqing, Senior Partner at Guokejiahe, Chen Lian, Deputy General Manager of Leading Venture Capital at Suzhou Industrial Park, Fang Zhenghao, Investment Management Partner at Little Miao Lang Cheng, Zhang Jian, Investment Management Partner at New Micro Capital, and Qiu Zhen, Overseas Partner at Huaying Capital, to conduct an in-depth discussion on the future development path and application prospects of large models. The experts shared their experiences and insights in large model investment, providing valuable references for the future development of large models in the global market. Lu Jiaqing, a senior partner at Guoke Jiahé, pointed out that there are fundamental differences between China and the United States in equity investment logic and business environment, which AI Investment has put forward higher requirements, necessitating in-depth analysis combined with industry knowledge. Jiahé Investment is proficient in sensitive information processing and generative AI The practices in the application emphasize AI The importance of integration with the industry. Currently, most AI The project's entry point is narrow, mainly focusing on serving experts and enhancing systematic experience. It has not yet become an essential part of the production process. Chen Lian, Deputy General Manager of the Leading Venture Capital at Suzhou Industrial Park, mentioned that with the promotion of policies and capital inflows, a large number of large model startups have emerged rapidly. However, the development of large models requires substantial financial support, which is usually achieved through angel round financing. 2 till 3 Yuan, with further investment required. Professional small models in vertical fields and those based on large models AI Applications receive more attention. The application of multimodal large models on cross-border e-commerce platforms, such as multi-language and real-person digital human online customer service systems, holds great potential. At the same time, energy conservation and emission reduction in data centers and intelligent scheduling functions of software operation and maintenance platforms will also become important investment directions in the future, especially against the backdrop of limited computing power in universities, where low-cost solutions are particularly crucial. Xiao Miao Langcheng, Investment Management Partner at Founder Capital, pointed out that generative artificial intelligence has become a key direction in investment portfolios. Through frequent visits to Silicon Valley for research, there are significant differences between China and the US in the development of large language models. American companies have a broader market and mature infrastructure, making them more commercially viable, while the Chinese market has entered fierce competition before the industry was fully mature. The future path lies in application development; relying solely on infrastructure services is difficult to achieve commercial value. In a broader sense, the maturity of large models such as multimodal models is relatively low, especially in terms of integration with robots, which still requires further exploration. Investment focus will be placed on the application side, applications combined with multimodal large models, as well as investments in upstream computing power and communication infrastructure. Zhang Jian, managing partner at New Micro Capital, analyzed that the high investment in large models and their low output in the short term make it difficult for many enterprises to C The enterprise-level market achieved profitability, with small models and vertical domains AI Applications are more attractive. There are new investment opportunities in the field of industrial noise identification and predictive maintenance of equipment. AI The application prospects in the field of mineral exploration are broad. By using superconducting technology to detect electromagnetic field distributions and combining AI The algorithm for reserve prediction has great commercial potential in this field. Qiu Zhen, an overseas partner at Huaying Capital, believes that the current bottlenecks faced by large models are historically inevitable, similar to the stage before the internet explosion. Large models lack an intermediate layer akin to the 'browser' of the internet era, making it difficult for many application scenarios to be implemented. He expressed concern about future infrastructure investments in large models, suggesting that the design of chips and computing centers may not keep up with the rapid iteration of algorithms, leading to an excess of capacity that cannot match actual demand. Investments need to be made more cautiously, fully considering these potential risks. LeadLeo Research Institute AI Hosted by Yuan Xucong, Chief Analyst of the Industry, Future Intelligence COO Officer-in-Chief Wang Chao, InnoCentric Intelligence CTO Zhang Fafen, Ali Yuanjing's Deputy General Manager and Market Head Shi Minjun, as well as INMO Co-founders Lv Yifei and other experts jointly participated in the “Generative AI Roundtable discussion on "Challenges and Opportunities of Applications". Innovative ingenuity CTO Zhang Fafen pointed out, generative AI Technology has significant application value across various industries, especially in industrial manufacturing and finance. Customers are AI The demand is generative AI The times seem more urgent. The concept of the metaverse needs to be treated with caution, although AI There are integration points with virtual technology, but it still requires cautious handling. It is too early to discuss the misuse or dangers of large models, and regulation should not be excessive to avoid hindering industrial development. Future Intelligence COO Officer-in-Chief Wang Chao stated that with the popularization of remote work and cloud conferences, there is tremendous growth potential in the headphone market. In the future, hardware devices will inevitably be AI The combination of technology depth, especially in enhancing meeting efficiency and automatically generating meeting minutes, presents huge application potential for headphones. Currently AI Hardware implementation faces challenges, including insufficient computing power, power consumption issues, and privacy concerns. However, within the next five years, hardware and AI The prospects for deep integration are optimistic. Shi Minjun, Deputy General Manager of Alibaba Yuanjing and Head of Marketing, shared Alibaba Yuanjing's brand marketing and AI Experience in exploring vertical industry models. Alibaba Metaverse has demonstrated generative capabilities in the gaming industry, culture and tourism, brand marketing, and e-commerce sectors through technologies such as real-time cloud rendering. AI The broad application prospects. Current brand owners are AIGC (Generative AI The application of ( ) still holds a cautious attitude, mainly due to concerns about legal risks arising from intellectual property and data rights confirmation. In the future, AIGC The application in the metaverse will greatly promote the formation of a digital content ecosystem, especially in terms of reducing production costs and improving content quality, providing strong support for the development of the metaverse. INMO Co-founder Lv Yifei discussed generative approaches from a hardware perspective AI Development prospects. INMO at AR The innovation in the eyewear sector is demonstrated by AR Glasses as generative AI Unique advantages at the entrance, including seamless use and first-person experience. Future Generative AI The application requires deep vertical integration to meet users' specific needs in different scenarios such as culture and tourism, education, and sports. The current technical level of hardware devices has, to a certain extent, limited generative AI The performance, but with the development of technology, hardware and AI The combination will bring deeper user value. NIE 2024   More amazing moments ✨