Transwarp is a world leading big data and AI platform provider, focusing on enterprise level cloud computing on container, big data and AI core platform research. Transwarp is based in Shanghai, with regional headquarters in Beijing，Guangzhou, Singapore, and support centres in Nanjing, Zhengzhou and Chengdu. Transwarp also has numerous domestic offices in different provinces and overseas branches in the United States and Canada. After years of R&D, Transwarp establishes major product lines with many patents: Transwarp Data Cloud(TDC), a container-based intelligent big data cloud platform; Transwarp Data Hub(TDH), a one-stop big data platform; AI platform Transwarp Sophon; and Hyper- Converged big data server TxData Appliance. Meanwhile, Transwarp attaches great importance to knowledge exporting and training on big data and AI, founded the Transwarp University, which focus on training product R&D, professional certification and training services providing. In 2016, Transwarp was appraised by Gartner as the world's most visionary vendor in data warehouse and data management. In 2017, Transwarp was recognized by IDC as the leader of the big data market in China. In 2018, Transwarp became the first database vendor worldwide to complete TPC-DS testing and pass official audits over the past 12 years.
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