Boonray Technology won the title of X Leader for its breakthrough

On November 26th, the 2021 X-MAN Conference concluded successfully. This annual industry event in the hard tech community is dedicated to the "real people, real stories, and real insights" of entrepreneurship. Twenty-six leading CEOs from "hard-core tech" industries shared their practical insights on the entrepreneurial journey of "departure, perseverance, breakthroughs, and evolution," offering a glimpse into the real world of entrepreneurship. The event led participants into the entrepreneurial universe and engaged in in-depth conversations about entrepreneurship. 

   This year, Boonray Technology was recognized with the "X Leader" award, X-MAN's most prestigious honor. Eligibility criteria include a post-investment valuation exceeding 1 billion yuan in the last round, or revenue exceeding 100 million yuan in the past 12 months. Along with Boonray Technology, other companies selected have raised more than three rounds of financing in a single year, achieved valuations approaching 10 billion yuan, and even experienced revenue growth exceeding fivefold in a single year.

X·Leaders Group Photo

   On behalf of Boonray Technology, Hu Xinyi, along with Horizon Robotics CEO Yu Kai and Zhijia Technology CEO Zhou Shengyan, were invited to participate in the "Beauty of Breakthrough" panel to exchange perspectives. Hu Xinyi shared her years of entrepreneurial experience, and her ongoing reflections on leading Boonray Technology to become a disruptor in the autonomous driving field. A business breakthrough is a comprehensive process encompassing both technical and non-technical breakthroughs in business development and operations management. For a technology company, technological breakthroughs are paramount. Everything at Boonray is built on the continuous iteration and breakthroughs of our algorithmic technology, which enhances our ability to navigate autonomous driving scenarios in mining areas. More fundamentally, breakthroughs in the business model are key, encompassing the key areas of focus and potential breakthroughs, a process that complements and complements technology. For example, the application of our technology in mining areas, with our deepening understanding of scenarios and the first-mover advantage of over three years of accumulated data, has impacted both technology and management. From providing algorithmic support to taking over mine operations, Boonray's business model has been gradually expanded, exploring how a technology company can enter a traditional industry. This approach, while transforming traditional mining productivity, also expands the company's potential. A deeper level involves breakthroughs in human nature, a breakthrough in self-awareness, a breakthrough that comes from denying oneself, letting go of oneself, and starting anew.

Zhou Shengyan (left), CEO of Zhijia Technology, and Hu Xinyi (right), CEO of Boonray Technology.

  For technology-based companies, technological breakthroughs are crucial, but they're not solely about technology. More importantly, they require innovative breakthroughs in business models, based on current application scenarios, customers, the market, and a return to the company's original aspirations. Breakthroughs are gradual, and no matter what, each step must be carefully considered. Using the baseline as the foundation for breakthroughs, a single point serves as a foundation for progress. Whether it's pushing boundaries in cognition, human nature, technology, or even business models, daring to experiment, staying true to our original aspirations, and leading the company through challenges and toward growth.