"Made in China" has become a global phenomenon. A foreigner once tried to avoid using products made in China, but found it nearly impossible. In the malls around him, most of the tennis shoes and slippers were made in China. He could only go barefoot if he didn’t wear them. On birthdays, candles were hard to find unless they were Chinese-made. Even children’s toys were mostly imported from China. His kids complained about the experiment, saying that playing with Chinese toys felt like being in jail. Eventually, he wrote a book about his experience, concluding that the world is now made in China, and life has become quite awkward.
As a major manufacturing country, China has established itself as a global production hub. However, this model is basic and needs urgent upgrading. Most of the goods produced are low-value items. China must transition from traditional manufacturing to smart manufacturing. In short, "Made in China" must evolve into "Created in China." At the same time, overseas markets don’t want just outdated production capacity; they also seek advanced technologies and innovative products.
The Internet of Things (IoT) and artificial intelligence are now the next big trends in both the tech and industrial sectors. The integration of online and offline systems often leads to surprising innovations. According to data, China’s logistics industry handles 30 billion packages annually. In 2016, mobile payments reached over RMB 20.8 trillion. Additionally, online shopping, shared bikes, mobile payments, and high-speed rail were recognized as China's four new inventions, three of which are related to IoT and the internet. Adding intelligent features such as AI and IoT to Chinese manufacturing presents a significant opportunity for transformation.
Established just three years ago, Graffiti Intelligence has grown into a global IoT platform. It has become a stage for “Made in China†companies. In the past year, products developed on the Graffiti platform generated 10 billion in sales for customers. These sales came from over 3,000 products created by more than 2,000 partners, sold in 165 countries worldwide. Graffiti’s IoT platform contributed to the smart products of these companies.
Creating value for the industry often leads to high valuations and becomes a target for venture capital. Over the past two years, Graffiti received investments from Wu Yiming, one of Alibaba’s 18 Arhats, and the U.S. Silicon Valley firm NEA. In the first half of 2017, it raised several hundred million yuan in Series B funding from top investors like CICC Silicon Valley Fund, Dongfang Fuhai, NEA, and Quadrille Capital. Graffiti’s business model has become a benchmark in the IoT industry and even set the standard for financing pricing.
On October 26th, the Global Intelligence Summit in Shenzhen attracted thousands of global guests. Many were drawn to "Graffiti Intelligence." As the venue filled up, the vice president of Graffiti, Ningdan, had to rush to the stage and ask attendees to sit on the floor. She later posted on her social media: “The ToB market hasn’t seen this kind of energy in a long time. The scene was as lively as the hottest days in 2014.â€
Graffiti never expected to become the center of attention at the summit. This moment became the most vivid example of the booming IoT industry.
The IoT industry is vast and complex, with many hot areas such as healthcare and autonomous driving. Companies like Baidu and Alibaba are investing heavily in self-driving cars, while smart home appliances—from drones to robot vacuum cleaners—are becoming increasingly common. Xiaomi’s ecosystem and JD.com’s digital channels offer a wide range of intelligent products.
The battle in the IoT space: will the spark remain on one side?
The IoT industry is huge and requires detailed division of labor. App developers work alongside mobile operators like China Mobile and Unicom. IoT devices often need network equipment, computer systems, or mobile phones, requiring suppliers. Additionally, IoT relies on various devices—such as terminal chips, sensors, and acquisition equipment. Many companies are investing heavily in IoT projects.
In 2017, there were many investment cases in the IoT field. Teamsun Tiancheng invested nearly 8% in Telink Microelectronics, an IoT chip company, through its IoT fund. Baidu’s Apollo plans to invest RMB 100 billion over the next three years. Xiaomi’s ecosystem has invested in 55 startups, showing strong support for innovation. Each project has its own unique approach.
1. **Self-operated Model**
This model is exemplified by Xiaomi and Apple. Xiaomi uses smartphones and home appliances to build a brand and cost-effective reputation, then integrates users into its smart home ecosystem. It also invests in 55 companies to form a closed-loop ecosystem. Apple, on the other hand, provides software to manufacturers who supply data, while the hardware design is handled by the manufacturers themselves.
2. **Customized Model**
Teamsun’s acquisition of an IoT chip company is an example of this model. As a B2B IT service provider, Teamsun serves corporate clients and expands its market based on existing relationships. However, narrow product categories can limit profitability and growth speed.
3. **Traditional Contracting Model**
Some cloud companies use this model, where software, hardware, and cloud services are tailored for different customers. While this allows customization, it can be slow due to the need for code modifications and app store submissions.
4. **Platform Model**
Graffiti’s IoT platform is a prime example of this model. It acts as a stage where traditional manufacturers can quickly develop their own apps. Thousands of companies have joined the platform, enabling rapid development of AI-powered products. Unlike customization, the platform model offers greater scalability and potential.
The platform model represents deeper industry specialization. Graffiti focuses on AI and platforms, while companies focus on their core areas. This collaboration increases enterprise value and boosts the platform’s valuation. In contrast, the customized model may offer good returns on individual projects but lacks the scale and overall efficiency of a platform.
Looking back at the history of the IT industry, open platforms have driven major transformations. The Wintel platform by Microsoft and Intel allowed many hardware and software companies to thrive. Google’s Android system, combined with ARM, replicated the success of Wintel in the mobile era. The platform model is now acting as a catalyst for the next wave of IT innovation in the IoT space.
A Network switch is a type of network device used to connect multiple devices in a local area network (LAN). It can receive and forward data packets through physical or wireless interfaces, sending data packets from the source device to the target device. Network switches can identify and forward packets based on MAC addresses so that data can be accurately transmitted to the target device.
A network switch usually has multiple ports, each of which can connect to a device, such as a computer, server, printer, etc. When a device sends a packet, the switch forwards the packet to the corresponding port according to the MAC address of the target device, thus achieving communication between devices.
The network switch can also divide the virtual local area network (VLAN) into multiple logical subnets, so that different devices can communicate independently on the same physical network, improving network security and performance.
In short, a network switch is a network device used to connect and forward packets, which can realize communication and network management between devices. It is an important part of building local area networks and enterprise networks.
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Shenzhen MovingComm Technology Co., Ltd. , https://www.movingcommtech.com