Hangzhou tops China’s pilot ranking for SME digitization
The evaluation places Hangzhou ahead of Ningbo and Wuhan, which ranked second and third respectively across the first batch of 30 cities selected under the program launched in 2023.
Month: June 2026
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DeepSeek nears record $7.4 billion fundraising round – Reuters
Founder and chief executive Liang Wenfeng has pledged 20 billion yuan of personal capital, accounting for roughly 40% of the round, the report said.
Alibaba adds CTO Wu Zeming to partnership committee amid AI race
The promotion comes as Alibaba intensifies investment in AI across its consumer, cloud and enterprise operations.
Alibaba turns Qwen into platform for branded AI agents
The move will enable companies to create customized agents inside Qwen, defining their own service scope and interactions while offering products and services through natural-language conversations.
NextVPU moves HQ to Hangzhou as physical AI shifts to edge vision chips
“Choosing to build a company in China reflects the scale of opportunity in robotics, drones and visual intelligence as a trillion-yuan industry,” Feng said.
Zhejiang cross-border e-commerce exports rise 27% in Jan-Apr
Zhejiang’s cross-border e-commerce exports reached 267.8 billion yuan ($39.58 billion) in 2025, up 24.9% from a year earlier and ranking second nationally behind Guangdong.
Google sets up cross-border e-commerce hub in Hangzhou
Google’s decision to base the acceleration center in Shangcheng reflects the region’s rapid export growth.
Inna Energy bags Series A funds to scale sodium battery materials
The sodium battery sector is approaching what analysts describe as a commercialization inflection point.
Open Journey bags Pre-Series A funds to bring robots into risky terrain
Open Journey focuses on deploying “robot plus AI brain” systems across high-risk sectors including mining, power generation, oil and gas, petrochemicals, and infrastructure construction.
Embodied robotics startup Spirit AI raises $222M in Series A+ funding
The company said its valuation surpassed 10 billion yuan following earlier fundraising rounds this year, making it a unicorn already.