Shanghai factory output sees 3.7% growth on tech gains in Jan-May
Growth was increasingly driven by the city’s “three leading industries,” meaning integrated circuits, AI and biomedicine.
Growth was increasingly driven by the city’s “three leading industries,” meaning integrated circuits, AI and biomedicine.
Anhui has also become a national leader in automotive production, with both combustion and electric vehicle output now ranking first in China.
Industrial output generated by firms with annual main-business revenue of 20 million yuan ($2.94 million) and more grew 5.0% year-on-year.
The Hangzhou-based AI upstart is among 308 newly added unicorns globally and has also entered the top 15 of the overall global unicorn ranking.
The performance marks the seventh consecutive year that Alibaba Cloud has ranked first in the market since 2019.
The decline marked one of the steepest first-day drops for a Chinese listing in recent years.
The company said it is hiring across 33 positions spanning seven broad categories, with roles based in Beijing and Hangzhou.