In March 2006, the market research firm iResearch International first introduced the concept of TMT, referring to the emerging industries driven by the convergence trend in future (internet-based) technologies, media, and telecommunications—including information technology. At that time, the firm also pointed out that search engines were the industry with the greatest investment potential in the TMT sector over the next three years.

　　Founded in 1996, Google has grown over the course of a decade to become the world’s largest search engine company by 2006. It was also in that year that the company launched new projects such as Google Translate. Today, Google is even more determined to become an AI company that develops cutting-edge products like robots, drones, and self-driving cars. Artificial intelligence is widely recognized as the next-generation technological revolution—and currently represents the biggest investment hotspot in the TMT industry. From search engines to artificial intelligence, Google has consistently been at the forefront of the TMT industry’s most promising trends.

　　At the same time, it’s important not to overlook the fact that Google’s rise was even more significantly fueled by the capital support provided by NASDAQ. On August 19, 2004, Google went public on NASDAQ at a price of $85 per share, with a valuation reaching as high as $23 billion (approximately RMB 141.8 billion at the time). At that point, Google, which had been established just six years earlier, had annualized revenues of $2.7 billion and profits of $268 million.

　　Backed by the capital markets, Google has gone all-in on business transformation beyond just search engines. Riding the wave of a major industry trend, this AI company has now become one of the most closely watched TMT firms—not only on the Nasdaq but also in global capital markets—and has emerged as a widely recognized success story in the TMT sector.

　　So, who will be the next Google? Can China also give rise to a TMT “Nasdaq benchmark company” like Google?

　　There is no doubt that today, the development of China’s TMT industry is in no way inferior to that of developed countries in Europe and the U.S. In a previous in-depth research report on the TMT sector, Shenwan Hongyuan argued that China’s TMT industries—including electronics, telecommunications, computer software, and internet media—have been driven by upstream and downstream technological advancements, giving rise to innovative business models. Moreover, the emergence of Windows spurred new technological developments such as browsers and smartphones, thereby fueling the rapid growth of China’s TMT industry from 2007 to 2015.

　　According to calculations by Shenwan Hongyuan, the domestic TMT industry saw an increase in market capitalization of 6 trillion yuan after 2007. Specifically, from 2011 to 2015, the software and media sectors experienced a market-capitalization growth of 4.5 trillion yuan, representing a 6.02-fold increase; meanwhile, the electronics and telecommunications sectors saw their market capitalization grow by a factor of 4.6 from 2008 to 2014, adding up to an increase of 1.4 trillion yuan.

　　A research report by Haitong Securities “predicted” as early as 2015 that, over the next decade, China’s growth momentum would come from human capital, technological innovation, and institutional reforms. At the same time, as corporate financing gradually shifts from banks to capital markets, emerging industries—particularly those represented by the TMT sector—will usher in an exceptional period of opportunity. “In the coming period, in addition to BAT, China will see the emergence of more leading enterprises similar to Google. As a result, valuations across the entire TMT sector will reach new highs and drive China’s economy toward a transformative phase.”

　　It is worth noting that on March 5, 2017, the Government Work Report pointed out the need to fully implement the development plan for strategic emerging industries, accelerate the research and development and commercialization of technologies in areas such as new materials, artificial intelligence, integrated circuits, biopharmaceuticals, and fifth-generation mobile communications, and strengthen and expand industrial clusters.

　　With the continuous advancement of new technologies, TMT enterprises are undoubtedly the new driving force behind future global economic development. Artificial intelligence, big data, the Internet of Things, the sharing economy—these have all become key focus areas for economic development in various countries. Whether it’s China’s Made in China 2025 initiative or Germany’s Industry 4.0 plan, both are built on the foundations of intelligentization and data-driven approaches. Judging from current trends in China’s overall economic development and demographic consumption dividends, it is certain that China, as the world’s largest economy in the future, will give rise to even more tech companies like Google.

　　The third strategic transformation of Feishang Group is aimed at entering high-value-added emerging industries, with the TMT sector being a key component. Starting in 2015, Feishang Group officially began making investments and establishing a presence in the TMT industry. From its existing holdings or equity participations in companies such as Guilin Guanglong Optoelectronics Technology Co., Ltd., Guilin Siqi Communication Equipment Co., Ltd., and Shenzhen Sike Microelectronics Co., Ltd., to the projects currently being planned and developed—including smart power consumption, smart fire protection, smart agriculture, and Xingu Town—every initiative underscores Feishang Group’s forward-looking business vision and exceptional capability in strategic deployment.

　　After 17 years of development, Guilin Guanglong Optoelectronics Technology Co., Ltd. has consistently focused on market demands and remained committed to the dedicated research and development and production of world-class products. Today, the company enjoys high international recognition and a stellar reputation. In response to the current domestic “chip shortage,” Guanglong Optoelectronics has made substantial investments in new projects, with the noble mission of building a first-class domestic optical semiconductor process platform and developing two “China-made chips”—laser devices and silicon photonics components. After several years of R&D, the new production line is about to go into operation, enabling the company to steadily advance to the forefront of both technology and the market and contributing its part to the nation’s journey toward self-reliance in the chip industry.

　　For eighteen years, Guilin Siqi Communication Equipment Co., Ltd. has leveraged its technological strengths to achieve remarkable success, yet it has also encountered numerous development bottlenecks. However, the company has adapted to changing circumstances by making continuous upgrades to its core technologies and developing new products—these have become the company’s key competitive edge for growth. Today, faced with the rapid shrinking of its traditional markets, Siqi Communication has decisively embarked on a transformation, urgently focusing on R&D of new products such as laser mosquito control devices and laser cotton topping machines, thereby positioning itself to seize even broader market opportunities in the future.

　　Shenzhen Sike Microelectronics Co., Ltd. has keenly recognized the importance of precise location services in the era of the Internet of Things and has developed a baseband navigation system capable of achieving sub-meter-level positioning, thereby addressing the critical challenge of scaling high-precision positioning technologies. This intelligent, ubiquitous, and highly accurate location service not only meets the diverse needs of smart cities, intelligent transportation, deformation monitoring, precision agriculture, and other applications, providing more accurate spatiotemporal services to a wider range of industries, but also generates vast amounts of location data. The mining of this data is precisely what drives the ultimate potential of the Internet of Things.

　　Under the prevailing market trends, these companies boast deep-rooted strengths and tremendous growth potential. Feishang Group advocates “four pillars of foundation” and excels at leveraging momentum to chart a strategic course. The robust rise of the TMT sector undoubtedly represents a crucial component of the Group’s third strategic transformation—and will surely propel Feishang to a new leap forward.