2020.11.09 CoStone Capital Views:
Jean-Marie Lehn, one of the 1987 Nobel Laureates in Chemistry, praised Royole for its distinctive innovation of fully flexible display at the 3rd World Laurates Forum. Scientific research itself, in the eyes of this laureate, resembles Sci-Fi features, but Royole’s flexible human-machine interface (HMI) technology seems a reality directly out of SF novels, the laureate exclaimed after seeing Royole’s achievements.
The independently innovated ULT-NSSP, a type of advanced chip technology, and the intelligent model of mechanical simulation has enabled Royole to introduce the world's thinnest (0.01 mm) full-color flexible display in 2014, a display was then put into mass production with the first flexible and foldable phone in the world – FlexPai in 2018. After that, the company, by digging the technology of full flexibility, increased the performance of their screens, giving birth to FlexPai 2, an upgraded version equipped with the 3rd generation Cicada WingÒ fully flexible display which can withstand over 1.8 million bends. It is fair to say that FlexPai 2 has become a new benchmark in the flexible display field.
Dr. Bill Liu: How HMI evolves and IoT develops
In Dr. Bill Liu’s eyes, the founder of Royole, PC, online Apps, smartphones, and information technologies are all witnesses of the ever-updating HMI technology. Information technology’s future is IoT where HMI, AI, and 5G will become the three main pillars. And flexible materials and electronic technologies will be a more valuable HMI solution to connect everything, where a “flexible planet” will be in place. An ambition that Royole is forging ahead to bring into reality. In addition to intelligent mobile terminals, Royole also provides smart transport, media & entertainment, sports & fashion, smart home, office, and education with flexible solutions. Clothes, hats, nameplates, and soundbox inlaid with flexible screens have already been brought to real life by Royole.
Rewritten by: Chen Cong, 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, 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