The famous risk management scientist Nassim once said in "Antifragile": "The wind extinguishes the candle, but it makes the fire burn stronger and stronger." It's the same with randomness, uncertainty and chaos: you want to take advantage of them, not avoid them. You will be a fire, longing for the wind. "Uncertainty has always been the norm and objective law of the world, and we must learn to get along with it all our lives and find the unchanging laws in change. For investment institutions, the development of the times driven by science and technology is unchanged, and people's yearning for a better life is unchanged, which is also an important direction for Bojiang Capital when investing in projects.
In 2023, Bojiang Capital will invest in a number of start-up companies such as Jinghe Optoelectronics, Yinji Technology, Chaoguang Micro Medicine, Heterogeneous Technology, Shiwei Technology, Zhongke Times, Daoke Cloud, Uni-Ubi Intelligence, etc., covering industrial Internet, big data, high-end intelligent manufacturing and other fields, the number of investments is not much different from that in recent years, but the field is more focused. With the industry cooling, we have more time to look at projects and put limited bullets in critical places.
A lot of people are wondering: what does a company that can cross a bull and bear look like? Bojiang Capital believes that it may not be enough to have a reliable team, a deep moat, and a logical and self-consistent business model, and the most important thing is to be able to create more value for our society and meet the people's expectations and yearning for a better life. When Bojiang Capital decides whether to invest in a project, the first thing to focus on is what value the company can create to the society, which is the first hurdle. We firmly believe that solving the problems that the people are most concerned about is the origin of the business logic of the enterprise and the key to the greatness of the enterprise.
For example, digital big data, which has just received hundreds of millions of yuan in Series D financing, is a project invested in the pre-A round of Bojiang Capital, which has created a powerful offline commercial geographic information database, covering 686 cities, counties and districts across the country, more than 1200 million pieces of POI data for offline site selection users. Whether it is an individual opening a store to join, a large chain enterprise opening and closing a store, or a worker, intermediary, service provider, or consulting company working or serving in this business chain, digital can provide accurate and easy-to-use data and tools to help them complete decisions more conveniently and quickly.
If digital products and services can really allow ordinary people and enterprises to step on some less pits and improve efficiency when making decisions about opening stores, then what digital things do is valuable and will be rewarded, and Bojiang Capital also believes that this is the essence of the country's promotion of the development of data elements. In 2023, a time when corporate services are full of grief, digital can achieve growth, profitability and financing against the trend, which is the embodiment of its return to the essence of value and creating value for the society.