On January 9^th, 2025, Allystar again made it to the 2024 VENTURE50 list, marking its fourth consecutive year receiving this prestigious recognition. The company’s advanced technology in BDS & GNSS navigation and positioning chips, coupled with its outstanding market performance and robust growth potential, allowed it to stand out among over 3,500 high-quality tech enterprises.

The 2024 VENTURE50 selection, initiated by Zero2IPO Ventures (1945.HK) and PEdaily.cn since 2006, is widely recognized as a key indicator of investment value for high-growth companies in China. The preliminary evaluation in 2024 involved more than 100 judges from leading investment institutions, who assessed the participating companies based on multiple criteria including growth potential, innovation, technological advantages, team characteristics, and operational capabilities. The Hard Tech VENTURE50 specifically targets the top 50 unlisted leading enterprises in the core technology sector that serve as benchmarks.

The winners of the 2024 Hard Tech VENTURE50 span various fields, each demonstrating exceptional technical strength and significant growth potential, earning them high recognition from the capital market. As a leading provider of satellite navigation and positioning chip-level solutions, Allystar boasts strong chip development capabilities and extensive experience in the entire chip design process. The company has successfully commercialized its products for diverse high-precision mass-market applications. This accolade not only opens up more opportunities and resources for Allystar itself but also injects new vitality into the broader key and core technology sector. It encourages the company to collaborate with more industry partners to drive continuous innovation in science and technology, fostering the thriving development of China’s key technologies.

In this age of accelerating technology, the BeiDou industry stands as a key pillar of China’s emerging industries of strategic importance, experiencing vigorous growth. As the cornerstone of the BeiDou industry, chip companies are harnessing their advanced technological expertise to drive this sector to unprecedented heights. With the further integration of emerging technologies such as 5G, artificial intelligence (AI), and big data, Allystar will proceed to focus on the innovative fusion of “BDS+” and “+BDS”. This commitment aims to achieve a synergistic effect greater than the sum of its parts across various sectors, contributing to the high-quality development of China’s BeiDou industry and the broader key and core technology.