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Xinjiang’s efforts to advance opening-up bear fruit

Xinjiang: Region ‘filled with changes and vitality’

BEIJING, March 7, 2025 /PRNewswire/ — A report from Chinadaily.com.cn

The Xinjiang Uygur autonomous region has made “unprecedented” efforts in expanding multilevel practical cooperation with Central Asian countries in recent years, as part of China’s efforts to boost high-level opening-up, the chairman of the region said.

Under the framework of jointly building the Belt and Road, Xinjiang, as a frontier area of China neighboring Central Asia, has adopted a more proactive opening-up strategy with the countries in that region by developing itself as the core area of the Belt and Road Initiative and the China (Xinjiang) Pilot Free Trade Zone, said Erkin Tuniyaz, chairman of Xinjiang, in an exclusive interview with China Daily.

“We have been pushing forward multilevel exchanges and practical cooperation with Central Asian countries with unprecedented efforts,” he said, adding that the region will continue to strengthen in-depth cooperation in key areas including economic and trade investment, energy resources and cultural tourism.

By enhancing such cooperation, Xinjiang has committed to building itself into a golden corridor linking Asia and Europe and to serving as a gateway for opening-up efforts in western China, he said.

In particular, the Xinjiang pilot FTZ, established in November 2023, has become a hub for reform and opening-up in the region, which has strengthened top-level design and promoted the high-standard development of the pilot FTZ, Erkin Tuniyaz said.

“By continuously releasing policy dividends, it has effectively promoted the high-quality development of Xin­jiang’s economy and society,” he added.

The Xinjiang pilot FTZ encompasses three iconic areas — Urumqi, Kashgar and Horgos — and is the first FTZ in China’s northwestern border region.

From 2022 to 2024, the annual total import and export volume in Xinjiang reached 246.36 billion yuan ($34 billion), 357.33 billion yuan and 435.11 billion yuan, respectively. Furthermore, the import and export volume of the Xinjiang pilot FTZ reached about 189.98 billion yuan last year, accounting for 43.66 percent of Xinjiang’s total volume.

Besides continuing to develop the Xinjiang pilot FTZ, the region will also accelerate the process of developing itself as the core area of the BRI, Erkin Tuniyaz said.

“We will step up efforts to build the regional capital of Urumqi into a regional center for international trade and logistics, an international inbound cargo distribution center, and a multifunctional international aviation hub geared toward Central and West Asia,” he said.

The economy of the region has continued to develop rapidly, and social undertakings have progressed comprehensively, he said.

“Xinjiang has embarked on a great journey from backwardness to progress, from poverty to prosperity, and from isolation to openness. The vast land of over 1.6 million square kilometers is filled with changes and vitality,” said Erkin Tuniyaz.

In particular, since the 18th National Congress of the Communist Party of China in 2012, efforts have been made to vigorously promote high-quality development, expand high-level opening-up, create a high-quality life for the people, adopt efficient governance, ensure high-level security, and drive historic changes in all undertakings in Xinjiang, he said.

He added that the region, which this year is celebrating the 70th anniversary of its establishment, enjoys a good situation of social stability and people living and working in peace and contentment, while China’s modernization has made solid new strides in Xinjiang.

The region’s GDP has increased from 930.69 billion yuan in 2015 to 2.05 trillion yuan in 2024, with an average annual growth rate of 6.1 percent. The average annual per capita disposable income of residents increased from 16,859 yuan to 30,899 yuan in that same period, with an average annual growth rate of 7 percent.

Meanwhile, the construction of transportation infrastructure in the region has been comprehensively accelerated, with the total operating mileage of railways reaching 9,092 kilometers and the total mileage of first-class expressways reaching 12,400 km. The region also has 27 civil airports.

The improved transportation network has made traveling to and within Xinjiang easier and faster than ever, Erkin Tuniyaz said.

Furthermore, the region has continuously increased investment in people’s livelihoods, with over 77 percent of the regional government’s financial expenditure being used for that purpose, he said.

He added that developing new quality productive forces has become an important focus for promoting high-quality development, and the region has made plans to further develop in areas such as new and clean energy as well as computing power.

 

Thailand Repatriates Hundreds More Chinese Scam Center Workers

Alleged scam centre workers and victims from China handed over from Myanmar board a plane at Mae Sot Airport in Mae Sot in Thailand's Tak province on February 20, 2025. Hundreds of Chinese nationals freed from Myanmar online scam centres flew home through Thailand on March 6, as the kingdom said it aimed to repatriate 1,500 such workers a week. (Photo by Lillian SUWANRUMPHA / AFP)
Alleged scam centre workers and victims from China handed over from Myanmar board a plane at Mae Sot Airport in Mae Sot in Thailand's Tak province on February 20, 2025. Hundreds of Chinese nationals freed from Myanmar online scam centres flew home through Thailand on March 6, as the kingdom said it aimed to repatriate 1,500 such workers a week. (Photo by Lillian SUWANRUMPHA / AFP)

Bangkok, Thailand

AFP-Hundreds of Chinese nationals freed from Myanmar online scam centers flew home through Thailand on 6 March, as the kingdom said it aimed to repatriate 1,500 such workers a week.

Thailand, Myanmar and China have been making efforts in recent weeks to clear out illegal cyberscam compounds on the Thai-Myanmar border where thousands of foreigners, mostly Chinese nationals, have been working.

Under pressure from key ally Beijing, Myanmar has cracked down on some of the compounds, freeing around 7,000 workers from more than two dozen countries.

Around 600 Chinese nationals were returned from Myanmar through Thailand two weeks ago, and last week the three countries held talks in Bangkok to arrange further transferrals.

Thai media broadcast footage on Thursday of coaches bringing hundreds of Chinese workers from Myanmar and offloading them on to planes destined for China at Mae Sot airport.

The Thai border force later said that 456 Chinese nationals were sent back on six China Southern chartered aircraft.

Thai foreign ministry spokesperson Nikorndej Balankura told reporters that the government plans to repatriate 1,500 people per week, or 300 each weekday, with “regular repatriations of Chinese nationals every Wednesday, Thursday and Friday.”

Mondays and Tuesdays would see other foreign nationals including Africans repatriated, he said, with the ministry coordinating with foreign embassies to help with “immediate” repatriations.

The remaining freed workers have been languishing for weeks in sometimes squalid conditions in holding camps near the Thai border while officials organise their repatriation.

Many workers say they were lured or tricked into taking the work,  defrauding strangers online with investment, romance and gambling scams, and suffered beatings and abuse.

A Rwandan scam centre worker who asked to remain anonymous told AFP on Wednesday that he had been trafficked into one of the compounds where he was tortured and had his money taken from him.

“It’s a big challenge. If I get home I will have a big challenge also,” he said.

Unsanitary conditions at the overcrowded makeshift encampments have raised concerns about possible disease outbreaks.

“There are sick people… they need be repatriated onto the Thai side as early as possible,” Nikorndej said.

© Agence France-Presse

 

China’s Demographic Crossroads: Can High-Quality Development Offset an Ageing Population?

BEIJING, March 7, 2025 /PRNewswire/ — A report from People’s Daily: China stands at a pivotal juncture as its demographic landscape shifts: birth rates continue to fall while the proportion of citizens aged 60 or older has surpassed 20% of the total population, according to its National Bureau of Statistics. This “silver wave” coincides with the nation’s push toward common prosperity, yet it raises a pressing paradox—how to reconcile rapid ageing with the challenge of achieving widespread affluence.

Does this demographic transition signal the erosion of China’s famed population dividend? Or can evolving definitions of productivity and innovation redefine its economic trajectory?

The answer lies in untangling the interplay between demographic trends, policy frameworks, and economic resilience. While China’s meteoric rise since the 1980s was undeniably fueled by its vast labor pool, analysts argue that institutional strengths—from socialist governance with Chinese characteristics to decades of reform and opening-up—unleashed an economic miracle no less critical than sheer workforce size.

Quantity alone no longer dictates prosperity. Even as the working-age population contracts, policymakers emphasize that technology investment, upskilling initiatives, and capital inflows can mitigate labour shortages. A case in point is China’s burgeoning talent reservoir: over 240 million citizens now hold higher education qualifications, fostering a skilled workforce driving sectors from AI to green energy.

This pivot from “population dividend” to “talent dividend” underscores a strategic bet—that quality, not just numbers, will sustain China’s modernization. As automation and innovation hubs like the Greater Bay Area expand, the narrative shifts from demographic anxiety to human capital’s transformative potential. The ultimate test? Whether high-quality development can turn an ageing society into an engine of sustainable progress.

The correlation between population structures and economic dividends defies reductionist arithmetic. It demands the analytical rigour of multivariate calculus, where shifting age coefficients interact with technological vectors and institutional constants. This complexity necessitates a systems-level perspective to truly decipher the demographic dividend equation.

Contemporary economic modelling reveals a paradigm shift: the dividend manifests not merely through crude growth metrics, but through strategic activation of latent human capital. While youth demographics remain crucial, a silent revolution is emerging from an unexpected quadrant – silver-haired populations redefining post-retirement economic agency.

Historical anxieties about elderly technological alienation now confront empirical contradictions. The digital metamorphosis of China’s elderly cohort has become a socioeconomic epiphany. Where pundits once predicted generational obsolescence, silver-haired netizens now dominate Douyin livestreams, orchestrate Taobao storefronts, and curate Xiaohongshu tutorials with the acuity of digital natives.

China’s silver wave of 170 million senior netizens is reinvigorating the digital ecosystem, proving the nation’s demographic dividend maintains potent socioeconomic currency.

This cohort’s renaissance extends far beyond screens. From mist-shrouded Huangshan peaks where septuagenarians clad in Arc’teryx gear deploy DSLR rigs, to Beijing’s frost-kissed ski slopes where grandmothers carve parallel turns, their vitality mirrors youth culture’s intensity. The lifelong learning revolution sees retired accountants mastering Python through digital lecture while former teachers monetize calligraphy tutorials – wisdom economies thriving.

Official metrics quantify the movement: China’s post-retirement cohort channels over 700 billion yuan ($96.31 billion) yearly into cultural pursuits and wanderlust, with 35 million silver-haired scholars crowding digital academies and marathon finish lines witnessing a surge of septuagenarian sprinters – concrete manifestations of a nation where sunset years glow brightest.

China’s sunset years fuel economic engines rather than brake them, as evidenced by the phenomenon achieving statecraft recognition. The codified “silver economy” now anchors national policy blueprints, while its lexical zeitgeist cousin “silver power” penetrated mainstream discourse through annual buzzword rankings. Concurrently, medical chaperone services and biographical scribing emerge as legitimate professions among youth entrepreneurs – tangible proof that demographic shifts birth new economic ecosystems.

China has unveiled a national geriatric framework blueprint, mandating creation of multi-tiered, equitable geriatric care apparatus spanning megacities to agrarian counties. The policy white paper prioritizes market-driven eldercare industrialization to address China’s “grey wave” – the coalescing demands of pensioners seeking tailored retirement ecosystems.

By tapping into the potential of an aging society, China aims to generate new economic dividends. The country’s top-level policy design is providing clear direction for future development.

A broader perspective reveals that addressing both the declining birth rate and population aging requires a balanced approach. Further deepening reforms and expanding opening up will provide fresh momentum for Chinese modernization, even amid demographic shifts.

In today’s China, whether young or old, the common goal is to move forward with confidence and live a better life.

 

Wildberries Identifies the Most Popular Gifts for International Women’s Day

MOSCOW, RUSSIA – Media OutReach Newswire – 7 March 2025 – Wildberries, a leading e-commerce platform in Eurasia, surveyed its customers about their attitudes towards International Women’s Day (8 March) and the gifts they expect to receive or plan to give on this holiday.

Over 80% of customers in all countries where Wildberries operates celebrate 8 March and plan to buy gifts for women, the survey found. According to respondents, the holiday is associated with femininity, respect for women, positive emotions and gift-giving.

The survey included over 13,400 respondents in six countries – Armenia, Georgia, Kazakhstan, Kyrgyzstan, Russia and Uzbekistan. The most desired gifts among women respondents include cosmetics and perfumes, flowers and jewelry. In Armenia, women have preferences for shoes and clothes. Most male respondents plan to spend up to $50 on a gift for 8 March, while in Kyrgyzstan and Uzbekistan men are willing to spend over $100.

The survey revealed that men typically buy gifts on International Women’s Day for their wives/partners and their mothers. Women, on the other hand, celebrate the occasion by gifting their mothers, sisters, friends and colleagues—spending less per gift but covering a wider circle of recipients.

In Russia, 26% of surveyed women plan to buy themselves a gift for 8 March. This points to a growing trend towards financial independence among women, as well as a shift in the holiday’s meaning towards personal well-being and self-appreciation. Wildberries responds to these evolving customer needs by offering a wide variety of gifts to suit all tastes and budgets.

Founded by the entrepreneur Tatyana Kim while she was on maternity leave, Wildberries actively supports women’s entrepreneurship in the countries where it operates. The company empowers women to join its community of more than one million marketplace sellers and offers educational programs to help women launch their careers in IT. Wildberries is also a proud partner of the global Women in Tech initiative in Kyrgyzstan.
Hashtag: #wildberries

The issuer is solely responsible for the content of this announcement.

About Wildberries

Established in 2004 in Russia, Wildberries is a leading e-commerce platform operating in Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Russia and Uzbekistan, while also partnering with sellers in China. Wildberries provides a state-of-the-art IT infrastructure to support customers and sellers, along with a developed logistics network spanning more than 130 facilities and 58,000 pick-up points across its markets. As of 2024, Wildberries serves over 75 million customers and processes more than 20 million orders per day.

How China’s legislature weaves public voices into law

BEIJING, March 7, 2025 /PRNewswire/ — A report from People’s Daily: As China convenes its annual “two sessions” – the gatherings of the National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), the country’s legislative process has once again come under the spotlight.

In China’s legislative system, the NPC and its Standing Committee serve not only as the lawmakers but also as conduits for public sentiment. But how are these voices channeled into the heart of law-making?

The answer is found in a meticulously designed institutional framework that ensures public sentiment is woven into every stage of the law-making process.

Proposing legislation

During the second session of the 14th NPC in 2024, deputies submitted 298 motions, with 292 directly addressing legislative issues ranging from the formulation and revision of laws to their repeal and interpretation.

When formulating its legislative plan, the NPC Standing Committee carefully reviews deputies’ motions and suggestions alongside expert analysis and public feedback. Since NPC deputies come from all walks of life, this process allows public voices to directly contribute to the legislative process.

Drafting law

Many might be surprised to learn that even high school students’ recommendations can influence Chinese national legislation. A 2020 proposal from teenagers at the High School Affiliated to East China University of Political Science and Law was relayed through a local legislative outreach office. It later appeared in revisions to China’s Minor Protection Law.

Such outreach offices was first launched in 2015. Since then, over 90 percent of laws drafted or amended by the NPC and its Standing Committee have incorporated feedback from these offices, which collect opinions from businesses, villages, and schools. Officials describe them as “direct hotlines” for democracy.

The process was tested during the drafting of China’s Civil Code, a landmark law enacted in 2020. Over 425,000 people made 1.02 million recommendations online. The final text added the “Personality Rights” section – a win for advocates who emphasized the need for enhanced protection of personal information, privacy, and reputation in the digital age.

Adopting law

Draft legislation generally undergoes several rounds of scrutiny by the NPC Standing Committee, and in some cases, is also examined during an NPC session.

Even technical provisions can ignite fierce discussions. In 2015, for instance, deputies clashed over a single sentence in draft revisions to China’s Legislation Law, as they discovered that the third reading had removed the clause requiring tax rates to be established by law.

Why did this detail matter?

Some deputies argued that tax rates are an essential element of taxation – without a statutory mandate, the principle of statutory taxation would be compromised. In response, the NPC’s specialized committees meticulously examined each suggested revision and ultimately restored the provision mandating that tax rates be set by law.

The Legislation Law, which governs how laws are made, stipulates that legislation shall uphold and develop whole-process people’s democracy, respect and protect human rights, and safeguard and promote social fairness and justice.

From the initial proposal of a legislative project to the drafting and deliberation of bills, the input of public voices is actively sought and integrated – a clear demonstration of whole-process people’s democracy.

Legislative power is lies at the heart of national governance. Through science-based and effective institutional arrangements, China ensures that the people exercise state power through the system of people’s congresses, firmly placing the country’s future firmly in the hands of its people.

 

Telkomsel and Tencent Cloud Develop AI and Cloud Solutions to Enhance Customer Experience

  • Telkomsel and Tencent Cloud signed a memorandum of understanding (MoU) on AI and cloud-based solutions at the Mobile World Congress (MWC) 2025 in Barcelona on March 5 2025.
  • Under the collaboration, Telkomsel will harness B2B and B2C solutions such as AI Generated Content (AIGC), AI Translation, and eKYC solutions like Palm Verification, and other AI capabilities.
  • Tencent Cloud will support the cloud cost optimization for Telkomsel, including public and hybrid cloud collaborations with Telkomsel.

JAKARTA, Indonesia, March 7, 2025 /PRNewswire/ — Telkomsel and Tencent Cloud signed a strategic partnership on AI and cloud-based solutions development at the Mobile World Congress (MWC) 2025 in Barcelona on 5 March 2025.

Telkomsel and Tencent Cloud Develop AI and Cloud Solutions to Enhance Customer Experience
Telkomsel and Tencent Cloud Develop AI and Cloud Solutions to Enhance Customer Experience

The partnership between Indonesia’s leading digital telecommunications service provider company and one of the world’s leading cloud companies will see Telkomsel harnessing various B2B and B2C solutions such as AI Generated Content (AIGC), AI Translation, and electronic know-your-customer (e-KYC) solutions like Palm Verification, and other AI capabilities. Tencent Cloud will also support cloud cost optimization for Telkomsel, including public and hybrid cloud collaborations with Telkomsel.

Wong Soon Nam, Director of Planning and Transformation of Telkomsel, said, “The partnership demonstrates Telkomsel’s commitment to optimizing our business operations and enhancing customer experiences through innovative digital solutions. It also aligns with our vision to accelerate Indonesia’s digital transformation and improve its technology sector.”

Poshu Yeung, Senior Vice President, Tencent Cloud International, added, “We are excited to expand our partnership with Telkomsel in the area of AI, cloud, and eKYC solutions. We hope the partnership will accelerate the adoption of more efficient and secure digital solutions to support digital transformation across various use cases.”

The Telkomsel-Tencent Cloud partnership covers three main items:

1.  eKYC solution development in the form of Palm Verification for B2B segment

Telkomsel and Tencent Cloud now provide Palm Verification technology for the B2B segment that can improve the security and reliability of their digital identification systems.

2.  AI-Generated Content (AIGC) and AI Translation Development

Both companies are developing AI-Generated Content (AIGC), AI Translation, and other AI-based capabilities for B2B and B2C segments.

3.  Cloud Cost Optimization

Tencent Cloud will support cloud cost optimization for Telkomsel, including public and hybrid cloud collaborations with Telkomsel. This partnership allows Telkomsel to improve its operational efficiency and digital infrastructure scalability to provide faster, more stable, and cost-effective services.

The partnership is a continuation of their previous digital innovation efforts. Telkomsel and Tencent Cloud previously succeeded in pilot testing the Palm Verification technology for B2C customers at Telkomsel’s GraPARI outlets in 2024. Today’s partnership will see this technology extended to the B2B enterprise segment as part of Telkomsel’s business solutions strategy.

By leveraging the expertise and technology of both companies, the partnership is expected to provide efficient, intelligent, and value-added services for Indonesian customers.

About Tencent Cloud:

Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.

About Telkomsel (www.telkomsel.com)

Telkomsel is the leading digital telecommunications service provider in the region, empowering Indonesians to make better today and excellent tomorrow by delivering innovative and superior connectivity, services, and solutions for everyone, every household, and every business, to achieve more. Aligned with Indonesia’s spirit for digitalizing the nation, Telkomsel plays a pivotal role as the largest provider of convergence services, consistently expanding its 4G network coverage, developing 5G technology, and implementing the latest fixed broadband technology to enhance customer experience quality. Additionally, Telkomsel is evolving its digital services portfolio, encompassing Digital Lifestyle, Digital Advertising, Digital Enterprise Solutions, and Internet of Things. With 29 years of establishment, Telkomsel operates with support from over 269,000 BTS and serves more than 158.4 million mobile customers and over 9.4 million fixed broadband customers (IndiHome-B2C) across the nation. In pursuit of sustainable corporate operations, Telkomsel also upholds ESG principles to generate positive impacts on the corporate ecosystem. More information and customer services are available through the website: www.telkomsel.com, Facebook.com/Telkomsel, Twitter @telkomsel, Instagram @telkomsel, and Telkomsel’s virtual assistant on the MyTelkomsel application

 

Sungrow Hosts “Tailored Solutions, Full Coverage” Distribution Summit in Thailand, Introducing Tailored Energy Solutions

BANGKOK, March 7, 2025 /PRNewswire/ — Sungrow, a global leading PV inverter and energy storage system provider, successfully hosted its regional distribution summit under the theme “Tailored Solutions, Full Coverage” in Thailand on 28th February. The event brought together approximately 200 industry partners to explore cutting-edge energy solutions tailored to Thailand’s evolving market demands and regulatory landscape.

Sungrow‘s’ Tailored Solutions, Full Coverage Distribution Summit in Thailand
Sungrow‘s’ Tailored Solutions, Full Coverage Distribution Summit in Thailand

Sungrow’s Commitment to Tailored Energy Solutions

During the summit, Sungrow emphasized its commitment to localized R&D and customer-centric service. “‘Tailored’ is not just a strategy, it’s our promise to provide solutions that fit like a suit,” stated Steven, director of SEA market at Sungrow.

  • Comprehensive & Customized Solutions for Every Scenario

Sungrow offers tailored solutions for different application scenarios:

1.      Commercial and industrial (C&I): Provide a comprehensive PV inverter+RSD/Optimizer+ESS, one-brand solution, ensuring high integration, safety and reliability, with an efficient O&M system to maximize green electricity benefits and optimize energy efficiency.

2.      Residential: Offer a comprehensive PV string inverter/microinverter and ESS solution to maximize energy output, reduce electricity costs, and enable homeowners to embrace a sustainable, carbon-free lifestyle.

3.      Retrofit Solar Farms: As an emerging niche market, Sungrow is able to offer a cost-effective BOS solution backed by 50MWp+ project experience, helping optimize existing solar farm performance and enhance energy production at minimal costs.

  • NEW SG150CX+SR20D-M(RSD)/SP1400D(optimizer): Advanced Safety Features for Reliable Performance

Sungrow prioritizes personal and property safety by launching the new SG150CX plus SR20D-M(RSD) or SP1400D(optimizer) solution that born for C&I rooftops. The inverter is integrated with AFCI 3.0 technology, with upgrades in both software and hardware, enables precise detection and rapid extinguishment of DC arcs for longer DC cable design. It also has functions like intelligent string-level disconnection, intelligent DPT (DC-to-ground protection technology), reverse fans rotation, and a patented removable filter, that enhance the safety protection and efficient O&M. PV modules provide a comprehensive and economic solution that meets EIT regulation and customer demand. Enhanced PLC communication covers 900m looped DC cable length, ensuring more stable module-level monitoring and suitable for large scare rooftops.

Expert Insights on Market Trends and Financing Solutions

Sungrow had the privilege of hosting distinguished experts at the summit, each providing valuable insights into key industry topics. A top expert from EIT (The Engineering Institute of Thailand) offered an in-depth analysis of policies and trends shaping the Thai rooftop market. A leading financial expert from ICBC introduced loan policies and application procedures for purchasing Sungrow photovoltaic products. Additionally, a key EPC partner from Greenergy (Thailand) Company Limited shared firsthand collaboration experiences, highlighting Sungrow’s strengths from technical, commercial, and on-site service perspectives.

Market Leadership and Proven Performance

Sungrow continues to be a dominant force in the global renewable energy industry. Ranked among the Top 100 Global New Energy Leaders, the company has achieved 740GW of power electronic converters worldwide as of December 2024. In Thailand, Sungrow has successfully deployed 3.3GW+ of PV inverters and 350MWh of BESS, solidifying its leadership in the market. The iSolarCloud platform enhances operational efficiency with features like one-click rapid plant setup, intelligent monitoring, and seamless O&M. Additionally, Sungrow’s comprehensive after-sales service ensures full support from installation to long-term maintenance, delivering an outstanding customer experience.

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 28 years. As of December 2024, Sungrow has installed 740 GW of power electronic converters worldwide. The Company is recognized as the world’s No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the world’s most bankable energy storage company (BloombergNEF). Its innovations power clean energy projects in over 180 countries, supported by a network of 520 service outlets guaranteeing excellent customer experience. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: www.sungrowpower.com.

 

Valtech Shares Its Views and Experience in Startups’ Valuation and Their Attributes in Successful Fundraising

HONG KONG, March 7, 2025 /PRNewswire/ — The true value of proper valuation comes from independence. Through independent research conducted by professional valuers, startups and venture capital firms gain access to objective analysis performed using appropriate valuation approaches. Valtech has actively helped numerous aspiring startups and fund managers by performing comprehensive business valuations, analysing business models and projected growth prospects, and in-depth benchmarking analysis. This support greatly facilitates and accelerates price discovery and deal negotiation processes.

Today, Max Tsang, a director of Valtech Valuation, — a CPA, CFA, FRM, Chartered Valuation Surveyor, and a business appraiser Accredited in Business Valuation (ABV) by AICPA — is pleased to share the firm’s insights and experience. The aim is to help more startups understand the true value of professional valuation and rethink how they should prepare for it.

Valuing a Business: More Art than Science

Valuation is not an exact science. The use of more data, research, and databases does not automatically lead to a more accurate result. Valuation is inherently dependent on the basis of value. Market value and investment value defined by International Valuation Standards (IVS) are possible basis of value for startup valuation. The selection of basis of value will depend on the purpose of valuation and the actual context. In addition, the judgment will also include underlying key assumptions and the details in application of valuation methods. Depending on knowledge and skills in finance and investment banking, valuation specialist can supplement the analysis using a great variety of skills such as monte carlo simulation, regression, waterfall charts etc. All these will affect the influence and impact of the valuation.

Valuation Methods Explained

There are three general approaches in valuation:

  1. Cost Approach
    This method is rarely applied in startup valuations, as most founders believe their innovative ideas are worth far more than the initial costs incurred.
  2. Income Approach
    This method can be applied, but it is often challenging for pre-revenue startups. However, a reasonable and well-supported financial projection and capital budgeting analysis can clearly communicate your financial goals and illustrate the expected growth trajectory over the next 3-5 years. With Valtech’s guidance, this becomes a logical and systematic process — identifying the value creation potential from each unit of product or service sold. By making reference to relevant sources, Valtech define realistic market size and growth assumptions, ensuring the financial model is logical and persuasive.
  3. Market Approach (They call it Comprehensive Benchmarking) 
    This approach uses comparative analysis, collecting valuation metrics from public companies and private transactions. Think of it like valuing your apartment based on recent sales of similar apartments nearby. However, startup founders often fall victim to survivorship bias — they focus only on announced valuations of successful startups, often ignoring adjustment factors like funding round stage, geography, and business model differences. In reality, systematic, logical, and persuasive adjustments are necessary to align benchmark data with the unique circumstances of the subject startup. Valtech ensures these adjustments are applied appropriately.

In application, there are further variations of method for better analysis. For example, risk net present value method (a variety of income approach) is considered to be a better method in valuing biotechnology and healthcare startups.

Budget Concerns — Finding the Right Balance

Valtech fully recognizes that early-stage startups often have tight budgets when appointing valuation specialists. However, the quality of your valuation report directly impacts investors’ first impressions of your company. A well-prepared valuation not only demonstrates professionalism, but also shows how well your team can communicate and support your claims with solid evidence and sensible forecasts.

Engaging a reputable and professional valuation team gives investors confidence that your valuation is grounded in independent analysis, rather than soley internal projections.

Avoid Over-Reliance on Generative AI for Business Plans

A lengthy business plan does not guarantee a good business plan. For valuation purposes, the focus should be on:

  • Your team’s profiles and experience
  • Your business model and its unique value proposition
  • The innovative and competitive aspects of your products or services
  • Clear and realistic expansion plans
  • A well-defined budget for utilizing the funds raised

Generative AI can assist in drafting, but blindly relying on AI-generated content often results in generic, unfocused plans that fail to address the unique qualities of your business. Investors expect tailored narratives with authentic insights — something no AI can fully capture.

Your Startup is Unique — Focus on Your Uniqueness

As a startup, you have a unique business idea — one that either solves a critical pain point in the market or disrupts existing players through innovation. While AI can assist in brainstorming, your competitive edge lies in your team’s creativity, execution capability, and market understanding.

Ask yourself: Can AI generate innovative business ideas? Yes — but the real question is: How unique, feasible, and defensible are those ideas?

Plenty of Successful Fundraising Stories from Valtech Clients

Valuation is not just about calculating numbers — it’s about explaining your venture through numbers. Valtech provides multi-dimensional analysis, considering both the founder’s perspective and the investor’s perspective. This balance helps create valuation reports that are credible and persuasive.

At the same time, investors rely on more than just valuation reports. Many uses proprietary scorecards to evaluate:

  • Team quality and experience
  • Product-market fit
  • Competitive advantage and IP
  • Business scalability and operational resilience
  • Exit potential and projected returns

Valtech has witnessed countless successful fundraising journeys among its clients — all at reasonable and defensible valuations. These startups come from diverse sectors, but they all share a common trait: they provide solid proof to justify their value. This proof can take various forms:

  • Well-articulated ideas with clear commercial potential
  • Working prototypes
  • A strong, experienced founding team
  • Established strategic partnerships
  • Demonstrated viability in reaching the next growth stage

Final Thoughts — Valtech’s Value Proposition

Startup valuation is not a one-size-fits-all exercise. Every startup has a unique story, growth trajectory, risk profile, and value proposition. At Valtech, they go beyond just crunching numbers. They help startups shape their valuation report, and navigate the challenging price discovery process with confidence.

If you want to secure investment at a reasonable and defensible valuation, you need more than just financial modeling skills — you need a trusted valuation partner who understands investor needs, market dynamics, and trends. This is exactly what Valtech Valuation delivers. Simply visit https://valtech-valuation.com

Max Tsang / Marvin Wong / Jimmy Wong T: +852 23889262
Email: admin@valtech-valuation.com
Singapore: Ritika Gupta | +65 84949455 | admin-sg@valtech-valuation.sg