TheChinese economy remains resilient. It achieved an economic growth rate of 5.5% in the first half of 2023 and 7-8 percent in 2023. The Chinese government introduced a number of policies to stimulate the development of the private economy. Twenty years of national strategic industrial investment support and several generations of Chinese entrepreneurs have accompanied the wasted development of technology. Today's Chinese entrepreneurs have world-class competitive advantages and investment opportunities.
In the future construction of digital and intelligent industries, energy supply is indispensable, and intelligent computing will account for 25% of global energy supply. And as a core driver of carbon neutrality, electric vehicles are also a perfect combination of digitalization and energy. In the first half of 2023, China's electric vehicle sales reached 3.745 million units, an increase of nearly 30% over the same period, accounting for 60% of the world. In 2022, the penetration rate of electric vehicles in China will reach 26%, compared to only 13% globally.
According to Xu Shi, Chinese entrepreneurs have a natural foundation and world-class advantages in applying innovation in the digital economy. First, the industrial revolution, which comes from an intelligent, large-scale model, will gradually transition from infrastructure to higher-level applications. Third, the product form that matches the needs of consumers and commercial customers is the core. Third, it has in-depth insight into the industry scenario and can make rapid growth, even world-class companies.
Under the influence of the digital economy, Shanxing bet on Halara, and this has also become a typical example of Shanxing's layout in the digital economy. As a fast fashion cross-border e-commerce brand, algorithms have brought innovation opportunities to Halara. Through analysis of user needs and reverse integration of the supply chain, Halara has created a new product system, and at the same time innovatively created a complete closed-loop digital distribution model. As a D2C enterprise, it has opened up data systems between the company and external collaborators, greatly improving the circulation efficiency of the entire chain. For example, the company launched denim yoga pants and pet hair-proof products based on digital user insight, which have all become popular. Furthermore, relying on the digital growth capabilities of the world-class Chinese team and making good use of AI tools such as Stable Diffusion and Midjourney, the company's growth efficiency far exceeds that of the same.
Megatronix Meijia Auto is a company Shanxing invested in 5 years ago in this context. As an intelligent automotive service provider, Megatronix Meijia Auto is committed to making cars free of hard-to-write software and hardware, and providing OEMs with one-stop software and hardware product services, making users safer and more enjoyable during the driving process. The company has reached long-term cooperation with a number of major automotive groups such as Ideal, Dongfeng, Changan, Chery, and Guangzhou Automobile, and has obtained R&D and commercial cooperation for mass-produced parts projects worth 10 billion yuan.
In fact, in addition to Ideal, Halara, and Megatronix continue to explore world-class entrepreneurship and investment in the technological wave, Shanxing Capital has also reaped an excellent investment portfolio including Yuanbao, Flash Express, Zizi, and companies founded by science entrepreneurs.
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We had the opportunity to meet with Shanxing Gao, a Master of Science in Business Analytics (MSBA) alumnus of the charter class in 2018. He spoke about his work experiences, his takeaways from the MSBA program and job and interview tips.
Quality analysts need strong machine learning skills. You need to be able to understand business questions at a macro scale and turn your analysis into valuable insights and actionable recommendations to help the decision-making process.
In terms of my practicum project, in the early stages, we had limited data and our project objective was vague. So, our team decided to set our own goals. We decided to integrate the available data and extract values from it.
After we delivered our findings to our client, they were delighted and we established that initial trust. After that, our team received more resources and authority, which helped us successfully complete the project.
Also, spend some time looking at job descriptions of positions you are interested in. That way, you can figure out what kind of candidate companies are looking for (e.g., what skills or tools do you need to be familiar with and have basic knowledge of).
For international students who want to work in the U.S., applying for technical roles might give you better odds of landing a role. Nevertheless, from my experience, there are lots of good opportunities in China, too. Students interested in working in China could keep an eye on jobs there and apply when the timing is right, while also going to school in California or applying for jobs in the U.S. It simply gives you more options.
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