2021.08.20 CoStone Capital Views:
In the prosperity of Artificial Intelligence, more enterprises in China have entered the field of AI technology. Even though artificial intelligence was not its strongest aspect of national development, China still has impressive breakthroughs and prominent enterprises in artificial intelligence, such as Cloudwalk Technology.
Man-machine cooperative operating system business covers a variety of aspects. One of which refers to Cloudwalk provides customers with self-developed operating system, application products, core components and technical services based on man-machine cooperative operating system. Meanwhile, Cloudwalk launched a comprehensive and functional "Light Boat," which is a general service platform based on man-machine collaborative operating system and introduced ecological partners to collaboratively develop AI applications and SaaS services.
AI solution business relates to intelligent upgrade solution to solve the business problems of customers in specific industries. With strong AI technology capabilities and deep understanding of industrial application scenarios, Cloudwalk offers customers integrated solutions. Those solutions cover architecture consulting and design, hardware and software product, and other aspects. The AI solution will take the man-machine cooperative operating system as the core component of the solution architecture, effectively utilize the AI capabilities provided by the operating system. Later, it combines intelligent AIoT devices and third-party hardware and software products to solve specific industrial problems for customers.
Based on independent research and development of core technologies, Cloudwalk has excellent commercialability. Not only it has managed four business aspects —— Intelligent Finance, Intelligent Governance, Intelligent Transportation, and Intelligent Commerce — it also brings convenient and humanized AI experience to people around the world. Said by Costone Capital, artificial intelligence is the key production tool in the next generation. More importantly, it is the key to open the gate of the fourth industrial revolution. Both United States and China leveled artificial intelligence up to national strategy, promoting its development unreservedly. Unlike semiconductor, there is a huge gap between China and the United States in basic algorithm and theoretical research on AI. On the contrary, China is at the forefront of the world in application level, especially its incomparable advantage in database and application scenarios.
In the field of AI operating system, Cloudwalk focuses on man-machine collaboration of the core AI landing strategy. Based on “multi-modal data perception, multi-domain knowledge reasoning, man-machine integration and co-creation, data security sharing” technical breakthroughs, Cloudwalk created man-machine operating system to enable the industrial an ecological development. With sophisticated strategy, profound technical accumulation, and outstanding landing ability, Cloudwalk has the pioneering advantage on the core track of AI development.
Costone Capital has always been putting its attention on the field of artificial intelligence. On the path of AI development, Costone also places emphasis on SenseTime, Fourth Normal Form, SmartMore Technology, Clustar, RealAI, and other excellent enterprises, many of which already became Unicorns or potential Unicorns.
Rewriting by Kong Xiaomei; Editing by Du Zhixin and Li Yunzhen.
The year 2019 marks the fortieth anniversary of China’s Reform &Opening-Up, once again, we meet at the turning point of history. What’s the next step for the game, is there any clear guidance? The answer is affirmative.
Our country is enjoying a good momentum of development, which does not come from the Washington Consensus nor the Beijing Consensus. China’s experience has proved that both the visible hand and the invisible hand are crucial: the visible hand, stands for the government-led reform, and would yield benefits for reform and opening up; the invisible hand, stands for the Marginal Power represented by the private sector, and would improve economic efficiency and tax collection, create jobs and employment opportunities.
Provided that we want to protect and expand the benefits form reform, three simple but mandatory agreements are to be made and followed: No.1 Private ownership must be recognized, protected and treated equally with public ownership constitutionally, both ownerships are scared and inviolable;No.2 Make further clarification of the principal position of market economy, “deepen economic system reform by centering on the decisive role of the market in allocating resources”, as President Xi addressed in the third Plenary Session of the 18th CPC Central Committee;No.3 Implement the guiding principles of “comprehensively promoting law-based governance” of the fourth plenum. The rule of law is essential for economic growth, irreplaceable to protect private ownership, and necessary to encourage innovation and entrepreneurship.
Above are three rules for us to avoid falling into the Middle-income Trap. Assuming that we are breaking systematic barriers to private enterprises’ participation in market economy, and boosting innovation and entrepreneurship of our society, then we are heading towards a promoting direction. We are marching in the path of light, regardless of the ups and downs of Sino-US relationship, the drop in GDP growth rate, or the monetary policy.
These principals also apply on knowing how better to run a business: don’t be hedged by rules and regulations at the beginning, pay more attention to your survival, and you’ll learn more when you start your second business.
For many years, Huawei has been the only Chinese company on the list of the Top 50 R&D Spenders. Regardless of the economy and its income, what Huawei has been doing is investing in its future, dedicated to R&D, continuously and resolutely. This provisional work underscores Huawei’s accomplishments, makingHuawei anindustry leader.
So, there are standard answers on how to run a company,which could be summarized as concentration and professional dedication, continuous investment on innovation and trying harder in R&D. Entrepreneurship is also important, every single company needs entrepreneurs to push aside all obstacles and difficulties, to implement strategies and ideas. We, as investors, are destined to look for such outstanding entrepreneurs and their companies, invest in them and partner with them.
At this key point of history, a country, a company, or asingle individual, will all need to find the right path. Four decades after the Reform and Opening-up, it’s time to learn from our experience and stop “wadding across