Zhejiang ramps up venture capital push to build ‘patient capital’ hub
Hangzhou’s Runmiao Fund, with an initial size of 2 billion yuan ($290 million) and a 20-year lifespan, focuses on providing first-round financing for early-stage technology firms.
Month: March 2026
Read More
Siemens, Alibaba join hands to accelerate industrial software transition to cloud
The collaboration will offer Chinese customers computer-aided engineering (CAE) capabilities delivered via Infrastructure as a Service (IaaS).
Alibaba’s DAMO Academy unveils RISC-V-based C950 CPU, setting performance records
Designed for cloud computing, generative AI, high-end robotics, and edge computing, the C950 offers more than three times the performance of its predecessor, the C920.
Warehouse robot maker Galaxis debuts in HK trading after $89 million IPO
Headquartered in Jiaxing’s Nanhu district, Galaxis Robotics was founded in 2014 by a husband-and-wife team holding doctoral degrees from Massachusetts Institute of Technology and Cornell University.
DEEP Robotics reveals robots in over 100 substations at key China forum
With the stakes getting higher, industrial applications—often more lucrative—have attracted players to customize their products and services to meet tailored needs of end customers like power grid operators.
Alibaba rumored to debut new AI hardware as it expands into agent-led workstations
While Alibaba’s move is being closely watched, some industry experts remain skeptical about the need for exclusive hardware for AI agents.
Yiwu trade surges 53% in Jan-Feb as small-goods hub expands global reach
Meanwhile, Yiwu’s trading footprint continued to widen geographically. The city conducted trade with 222 countries and regions in the January-February period, nine more than a year earlier.
Zhoushan unveils 64 tech projects worth RMB 408B to boost growth in 2026
Announced recently by the Zhejiang Development and Reform Commission, Zhoushan’s 64 projects will receive a combined 53.02 billion yuan in planned investments for 2026.
Taizhou rolls out ‘province-first’ policy package to back AI-powered solo founders
The initiative is reportedly the first dedicated policy package for AI-assisted OPC development issued by a market regulator in Zhejiang province.
Qwen adds ride-hailing, turning AI into a new gateway for everyday services
The ability to recognize and process such cultural references represents a major leap forward in natural language understanding for AI assistants.