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Global Times: China’s industrial development in 2024: accelerating toward intelligent manufacturing

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BEIJING, Jan. 2, 2025 /PRNewswire/ — In 2024, China’s industrial landscape has witnessed a series of exciting “firsts” and groundbreaking achievements which reflect the robust momentum of China’s manufacturing sector and underscore the country’s commitment to high-end, intelligent, and sustainable manufacturing practices.

In a latest development, China debuted a prototype of the fastest high-speed train in the world, Xinhua News Agency reported on December 29, 2024.

A prototype of the CR450 bullet train that will run at 400 kilometers per hour debuted in Beijing on December 29, said the country’s railway operator. The CR450 is capable of running at 450 kilometers per hour in tests, highlighting China’s cutting-edge advancements in rail technology.

In other sectors, China’s homegrown wide-body C929 aircraft gets first intended user in November, marking a new breakthrough in the large aircraft industry.

China’s first domestically built large cruise ship has also started commercial operations in January, setting sail for a new era in cruise tourism.

As of December 29, 2024, it has completed 84 voyages, facilitating a total of 600,000 inbound and outbound passenger trips, according to Xinhua.

A series of data also show significant achievements in China’s high-quality economic development.

In 2024 China has surpassed 4.14 million 5G base stations, averaging 29 stations per 10,000 people. The manufacturing sector has over 6.03 million registered enterprises, with 8.55 percent linked to strategic emerging industries, a 6.35 percent increase since the end of 2023. China’s annual production of new-energy vehicles (NEVs) surpassed the 10 million milestone for the first time in 2024. Additionally, the humanoid robot market is projected to reach 3 billion yuan ($411 million), showcasing the potential of emerging sectors in China’s economy, China Media Group (CMG) reported.

The purchasing managers’ index (PMI) for China’s manufacturing showed encouraging signs this year, climbing from 49.2 percent in January to 50.1 percent in October and further to 50.3 percent in November, suggesting a recovery in industrial activity.

Foster innovation

Throughout the year, the Chinese government implemented various initiatives to foster innovation and development in key industries.

In January, China unveiled policies aimed at promoting future industries such as humanoid robots, brain-computer interfaces, and 6G technology to stimulate new economic growth.

By February, the government had issued guidelines to accelerate the green transformation of the manufacturing sector. In March, China launched large-scale equipment upgrades and consumer goods trade-ins to lift the quality of traditional industries. In June, China rolled out a new set of support policies for 1,000 “little giant” firms, as part of efforts to improve the modern industrial system in the country. In September, the country introduced construction plans for pilot-scale testing platforms in manufacturing and new materials, accelerating the transition of new technologies from the laboratory to the factory, according to CMG.

These measures are facilitating high-quality development across various manufacturing sectors.

In the domestic cruise manufacturing industry cruise-building industry China’s first domestically built large cruise ship, the Adora Magic City, started its commercial maiden voyage in January. This marks a significant milestone for China’s cruise manufacturing industry, as it now possesses true autonomous control capabilities and a complete industrial cycle system, signaling a new phase in the development of the cruise industry in China, said Yang Guobing, chairman of the China State Shipbuilding Corporation (CSSC) Cruise Technology Development Co, Ltd, operator of the ship.

Yang believes that in 2024, China’s cruise manufacturing industry entered a new phase of independent development. This phase aims to integrate the entire industrial chain, achieve independent design, construction, supporting facilities, and operations of cruise ships, and foster international cooperation while pursuing self-sufficiency. This approach is set to usher in a new era of high-quality development for China’s cruise industry.

In the robotics sector, the National and Local Co-Build Humanoid Robotics Innovation Centre based in Shanghai is making strides as well. The center is currently constructing a training facility that can accommodate 100 humanoid robots for simultaneous intelligent training, to make them more capable of assisting humans in various scenarios, with plans to expand this capacity to 1,000 by 2027, the Global Times learned from the center.

In the field of brain-computer interfaces (BCI), exciting advancements are being made that could greatly benefit patients with paralysis and neurological diseases. A notable milestone occurred in November when a domestic BCI product allowed a participant with a spinal cord injury to drink water using a specially designed pneumatic glove.

The BCI product, called NEO, was developed through a collaboration between Neuracle Technology Co, Ltd and Dr Hong Bo’s team from Tsinghua University. In August it became the first BCI product to enter the special review process for innovative medical devices in China.

Currently, Neuracle is working on expanding its product offerings to encompass a broader range of brain functions. In the future, the company aims not only to assist patients with basic actions such as eating and drinking but also to enable them to perform more complex tasks, including writing and playing the piano, Neuracle told the Global Times.

Chen Jing, vice president of the Institute of Technology and Strategy, a tech research institute based in Beijing, told the Global Times that the achievements of 2024 reflect the outcomes of the development of new quality productive forces. These advancements not only drive China’s economic development but also lay a solid foundation for sustainable growth in the future.

A look into 2025

China’s value-added industrial output of enterprises above the designated size is forecast to grow by about 5.7 percent year-on-year in 2024, official data showed.

In 2024, China’s industrial economy has achieved steady improvement despite challenges, and the manufacturing value added’s share of gross domestic product remained stable, according to a national work conference on industry and information technology.

According to the meeting, China will promote stable growth in the industrial economy, with moves including intensifying the implementation of policies supporting large-scale equipment upgrades and the consumer goods trade-ins in 2025.

Efforts will be made to foster and develop emerging industries in 2025, with a focus on promoting implementation scenarios of new technology and new products. Key areas of emphasis include the development of internet-connected vehicles, the expansion of the BeiDou Navigation Satellite System’s applications, low-altitude information infrastructure, biomanufacturing, the quantum industry, and embodied AI, among others, according to the meeting.

By 2025, intelligent manufacturing in China is poised to deeply integrate with advanced technologies like the Internet of Things, big data, and AI, propel traditional industries toward higher levels of sophistication and intelligence, Chen said.

These innovations will not only enhance production efficiency but also foster new business models and growth opportunities for enterprises, Chen said, adding that this will support China’s goal to achieving high-quality economic development and help elevate its position in the global value chain.

Geng Bo, a senior technology industry insider, told the Global Times that China, which ranks first globally in the production and sales of consumer electronics, offers an abundance of application scenarios and a growing demand that drives continuous sci-tech innovation and product improvements.

Whether in smartphones, home appliances, automotive electronics, industrial control, or the new-energy sector, market demand is driving domestic companies to innovate and develop products tailored to various needs, thereby driving the rapid growth of the country’s sci-tech advancements and innovative applications, Geng said.

This article first appeared in the Global Times: https://www.globaltimes.cn/page/202412/1325980.shtml 

 

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SOURCE Global Times

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Eqvista Launches Company-Sponsored Tender Offers, Expanding Private Market Liquidity Capabilities

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New tender offer capabilities connect equity management with real-time valuation data covering approximately 65,000 private companies with a combined estimated value of $9 trillion, laying the groundwork for future secondary marketplace capabilities.

SAN FRANCISCO, Oct. 19, 2026 /PRNewswire/ — Eqvista, a leading equity management and valuation platform serving more than 25,000 companies, today announced the launch of company-sponsored tender offer capabilities, enabling private companies to organize structured liquidity events directly within their equity management platform. The launch also marks a step toward Eqvista’s planned secondary marketplace capabilities.

As companies stay private longer, employees and early investors face limited opportunities to sell their shares. Meanwhile, organizing liquidity events involves complex decisions around pricing, participant eligibility, approvals, and ownership changes.

Eqvista brings these processes together through a company-controlled tender offer workflow, supported by its equity management infrastructure and Eqvista Real-Time Company Valuation® technology.

“With Eqvista, private companies can help their employees and early investors turn their shares into cash, rewarding them for their contributions to the company,” said Tomas Milar, Founder and CEO of Eqvista. “We already help companies manage ownership and understand their value. Bringing tender offers into the same platform is a natural next step toward connecting equity management, valuation, and liquidity.”

Company-Controlled Tender Offers

Eqvista’s new capabilities allow companies to manage tender offers while maintaining control over participation, transaction terms, and ownership changes.

Key features include:

Cap table integration: Automatically record completed ownership changes.Participant controls: Define eligible buyers and sellers and offer windows.Allocation rules: Set transaction limits, pro rata allocations, and priorities.Integrated approvals: Manage approval requirements and rights of first refusal.Valuation-informed pricing: Reference Eqvista Real-Time Company Valuation® data when evaluating transaction pricing.

By integrating these processes, Eqvista aims to reduce the administrative complexity of organizing liquidity events while helping companies maintain control over their shareholder base.

Building Toward a Secondary Marketplace

Building on its company-sponsored tender offer capabilities, Eqvista plans to expand into secondary marketplace infrastructure designed to support structured, company-approved liquidity programs. By connecting ownership records, real-time valuation data, and private share transactions within one platform, Eqvista aims to make private market liquidity more accessible while allowing companies to maintain control over participation and ownership changes. Further details will be announced as development progresses, subject to applicable regulatory requirements.

Learn more about Eqvista’s Company-Sponsored Tender Offers.

About Eqvista

Eqvista is an equity management and valuation platform building infrastructure for private markets. Trusted by more than 25,000 companies worldwide, Eqvista combines equity management, in-house valuation expertise, and AI-powered technology to help private companies manage ownership and understand their value. Eqvista Real-Time Company Valuation® technology covers approximately 65,000 U.S. private companies representing an estimated $9 trillion in combined value.

Contact Information
Jakub Vele
Head of Marketing
424978@email4pr.com
+1 (415) 375-4963

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SOURCE Eqvista

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Eqvista Launches Company-Sponsored Tender Offers, Expanding Private Market Liquidity Capabilities

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New tender offer capabilities connect equity management with real-time valuation data covering approximately 65,000 private companies with a combined estimated value of $9 trillion, laying the groundwork for future secondary marketplace capabilities.

SAN FRANCISCO, Oct. 19, 2026 /PRNewswire/ — Eqvista, a leading equity management and valuation platform serving more than 25,000 companies, today announced the launch of company-sponsored tender offer capabilities, enabling private companies to organize structured liquidity events directly within their equity management platform. The launch also marks a step toward Eqvista’s planned secondary marketplace capabilities.

As companies stay private longer, employees and early investors face limited opportunities to sell their shares. Meanwhile, organizing liquidity events involves complex decisions around pricing, participant eligibility, approvals, and ownership changes.

Eqvista brings these processes together through a company-controlled tender offer workflow, supported by its equity management infrastructure and Eqvista Real-Time Company Valuation® technology.

“With Eqvista, private companies can help their employees and early investors turn their shares into cash, rewarding them for their contributions to the company,” said Tomas Milar, Founder and CEO of Eqvista. “We already help companies manage ownership and understand their value. Bringing tender offers into the same platform is a natural next step toward connecting equity management, valuation, and liquidity.”

Company-Controlled Tender Offers

Eqvista’s new capabilities allow companies to manage tender offers while maintaining control over participation, transaction terms, and ownership changes.

Key features include:

Cap table integration: Automatically record completed ownership changes.Participant controls: Define eligible buyers and sellers and offer windows.Allocation rules: Set transaction limits, pro rata allocations, and priorities.Integrated approvals: Manage approval requirements and rights of first refusal.Valuation-informed pricing: Reference Eqvista Real-Time Company Valuation® data when evaluating transaction pricing.

By integrating these processes, Eqvista aims to reduce the administrative complexity of organizing liquidity events while helping companies maintain control over their shareholder base.

Building Toward a Secondary Marketplace

Building on its company-sponsored tender offer capabilities, Eqvista plans to expand into secondary marketplace infrastructure designed to support structured, company-approved liquidity programs. By connecting ownership records, real-time valuation data, and private share transactions within one platform, Eqvista aims to make private market liquidity more accessible while allowing companies to maintain control over participation and ownership changes. Further details will be announced as development progresses, subject to applicable regulatory requirements.

Learn more about Eqvista’s Company-Sponsored Tender Offers.

About Eqvista

Eqvista is an equity management and valuation platform building infrastructure for private markets. Trusted by more than 25,000 companies worldwide, Eqvista combines equity management, in-house valuation expertise, and AI-powered technology to help private companies manage ownership and understand their value. Eqvista Real-Time Company Valuation® technology covers approximately 65,000 U.S. private companies representing an estimated $9 trillion in combined value.

Contact Information
Jakub Vele
Head of Marketing
424978@email4pr.com
+1 (415) 375-4963

View original content to download multimedia:https://www.prnewswire.com/news-releases/eqvista-launches-company-sponsored-tender-offers-expanding-private-market-liquidity-capabilities-302911472.html

SOURCE Eqvista

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Eqvista Launches Company-Sponsored Tender Offers, Expanding Private Market Liquidity Capabilities

Published

on

By

New tender offer capabilities connect equity management with real-time valuation data covering approximately 65,000 private companies with a combined estimated value of $9 trillion, laying the groundwork for future secondary marketplace capabilities.

SAN FRANCISCO, Oct. 19, 2026 /PRNewswire/ — Eqvista, a leading equity management and valuation platform serving more than 25,000 companies, today announced the launch of company-sponsored tender offer capabilities, enabling private companies to organize structured liquidity events directly within their equity management platform. The launch also marks a step toward Eqvista’s planned secondary marketplace capabilities.

As companies stay private longer, employees and early investors face limited opportunities to sell their shares. Meanwhile, organizing liquidity events involves complex decisions around pricing, participant eligibility, approvals, and ownership changes.

Eqvista brings these processes together through a company-controlled tender offer workflow, supported by its equity management infrastructure and Eqvista Real-Time Company Valuation® technology.

“With Eqvista, private companies can help their employees and early investors turn their shares into cash, rewarding them for their contributions to the company,” said Tomas Milar, Founder and CEO of Eqvista. “We already help companies manage ownership and understand their value. Bringing tender offers into the same platform is a natural next step toward connecting equity management, valuation, and liquidity.”

Company-Controlled Tender Offers

Eqvista’s new capabilities allow companies to manage tender offers while maintaining control over participation, transaction terms, and ownership changes.

Key features include:

Cap table integration: Automatically record completed ownership changes.Participant controls: Define eligible buyers and sellers and offer windows.Allocation rules: Set transaction limits, pro rata allocations, and priorities.Integrated approvals: Manage approval requirements and rights of first refusal.Valuation-informed pricing: Reference Eqvista Real-Time Company Valuation® data when evaluating transaction pricing.

By integrating these processes, Eqvista aims to reduce the administrative complexity of organizing liquidity events while helping companies maintain control over their shareholder base.

Building Toward a Secondary Marketplace

Building on its company-sponsored tender offer capabilities, Eqvista plans to expand into secondary marketplace infrastructure designed to support structured, company-approved liquidity programs. By connecting ownership records, real-time valuation data, and private share transactions within one platform, Eqvista aims to make private market liquidity more accessible while allowing companies to maintain control over participation and ownership changes. Further details will be announced as development progresses, subject to applicable regulatory requirements.

Learn more about Eqvista’s Company-Sponsored Tender Offers.

About Eqvista

Eqvista is an equity management and valuation platform building infrastructure for private markets. Trusted by more than 25,000 companies worldwide, Eqvista combines equity management, in-house valuation expertise, and AI-powered technology to help private companies manage ownership and understand their value. Eqvista Real-Time Company Valuation® technology covers approximately 65,000 U.S. private companies representing an estimated $9 trillion in combined value.

Contact Information
Jakub Vele
Head of Marketing
424978@email4pr.com
+1 (415) 375-4963

View original content to download multimedia:https://www.prnewswire.com/news-releases/eqvista-launches-company-sponsored-tender-offers-expanding-private-market-liquidity-capabilities-302911472.html

SOURCE Eqvista

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