On December 26, Forbes China released the "2023 Top 100 Venture Capitalists," and Mr. Song Xiangqian, the Founder and Chairman of Harvest Capital, achieved remarkable recognition by making it to the list for the fifth consecutive year. Forbes has independently researched and selected the top 100 venture capitalists active in the mainland Chinese market for the 17th consecutive year, identifying individuals who have demonstrated excellent performance over the past five years from hundreds of recommended samples provided by various venture capital institutions.

This year posed significant challenges for the Chinese venture capital industry, particularly in fundraising and exit processes. Amid the rapidly changing external environment, maintaining steadfastness became particularly crucial.

As a professional fund specializing in investing in the consumer and service industries, Harvest Capital believes that in the future, with the economic downturn and transformation, it is essential to seize the basic needs of 80% of the Chinese population, focusing on 80% of their essential, high-frequency, and livelihood needs. The firm remains committed to cultivating opportunities in the consumer sector and expresses unwavering passion for the industry, irrespective of policy changes.

Consumer and technology are intertwined aspects of economic and social development, representing the two most critical elements in the national economy. The consumer industry not only generates employment and tax revenue but also provides application scenarios for the technology sector.

In the ongoing process of societal system overhaul, adapting to the underlying logic of social development trends and possessing strong dynamic system adjustment capabilities are paramount. Understanding system overhaul is tantamount to understanding the future of China. By aligning with the lives of 1.4 billion people, resonating with the most significant common denominator in society, and being compatible with the system, one can better harmonize with time and navigate the historical turning points during system overhaul.

Each individual is a variable in the societal system game. Aligning with the times, keeping pace with progress, and avoiding being eliminated by the system require synchronization with the historical trends. Embracing the historical turning points with a deep understanding of the era allows for a more profound injection of oneself into this period, steering toward a meaningful future.

Amidst the surging tide of the times and the era of high-quality growth in China's economic transformation, investors are bestowed with a great historical mission. The continuous effort day by day contributes to an endless accumulation, and the efforts will not be in vain, ultimately converging into the vast sea of history.

Harvest Capital expresses gratitude for the recognition from Forbes China, believing that the future will witness the emergence of more high-quality Chinese enterprises, stories, and values.