2020.12.12 CoStone Capital Views:
On December 9, 2020, Deloitte issued the list of “Stars of Tomorrow: China’s Top 50 High Growth High-Tech Enterprises 2020” in Beijing. With its expertise in privacy computing, industry leading technology and competitiveness, Clustar was selected to be on the list, alongside with other star companies including Genki Forest, ESWIN, and AInnovation.
On December 9, 2020, Deloitte issued the list of “Stars of Tomorrow: China’s Top 50 High Growth High-Tech Enterprises 2020” in Beijing. With its expertise in privacy computing, industry leading technology and competitiveness, Clustar was selected to be on the list, alongside with other star companies including Genki Forest, ESWIN, and AInnovation.
This ranking list started in the Silicon Valley of the U.S in 1995, and was introduced to China in 2005. Every year it is made with due consideration in over 30 countries around the globe, and is renowned as the benchmark of global fast-growing enterprises. Many of today’s world leading technology enterprises such as Amazon, Google, Alibaba Group, ByteDance, DJ-Innovations, Sense Time and Megvii have been candidates on this list, thus many consider it as the cradle of star industries.
China’s Stars of Tomorrow 2020 award sets the theme of “Perseverance, Reform and Revitalization”, focused on examining company’s founding team, technological innovation, industrial prospect and company valuation, it aims to commend outstanding start-up enterprises with immense potential and leading position in respective sectors.
Stars of Tomorrow 2020, China
Clustar is a leading technological service provider of federated learning, providing ultrahigh computing power for AI speed up training with tremendous data input. Meanwhile, premised on maintaining the data local, Clustar also assists clients in data-sensitive sectors such as finance and medical industry in sustainably introducing valuable data into practical business context with legal compliance, so as to strike a balance among “breaking data silos”, “data security and privacy protection” and “business development”. Currently, Clustar has established strategic cooperation with dozens of major clients in finance, insurance, funds, medical treatment and biology industries to facilitate the bridging of data silos and excavation of the data factor market.
Selecting Clustar to be on the “Stars of Tomorrow 2020” short list is a confirmation of Clustar’s overall competence and it shows expectation and encouragement towards the company’s future. In the meantime, as large scale privacy computing being implemented in financial sectors and approved by regulators, Clustar will hold on to its vision of “constructing AI infrastructure with secure data connection by breaking data silos”, and apply the advanced federated learning technology in more fields related to data security to create greater value for the industry.
Rewritten by: Xue Guanda, Edited by: Du Zhixin, 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, making Huawei 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
