China courier cradle bets big on hydrogen future with RMB 10.62B fuel cell hub
Authorities envision future autonomous delivery vehicles operating across Tonglu powered by locally produced hydrogen fuel cells.
Year: 2026
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Ningbo opens bidding for early surveys on RMB 8.66B commercial space hub
The city formally incorporated plans for a commercial launch site into Zhejiang province’s broader aerospace development blueprint the following year.
Tesla supplier Tuopu Group drives toward secondary HK listing
Its pioneering Tier 0.5 business model allows deeper collaboration with clients throughout the product development cycle, exceeding the traditional Tier 1 framework.
Copper debut loses its shine as Tongshifu tumbles 50% in Hong Kong IPO
Tongshifu’s heavy reliance on copper-based products also leaves earnings sensitive to fluctuations in metal prices.
ZXMoto zooms to WorldSSP double victory on Zhejiang capital boost
The Series A funding was led by Zhejiang Province Venture Capital Group, totaling 90 million yuan ($13 million), giving ZXMoto a post-money valuation of 1.09 billion yuan.
Hangzhou district starts RMB $10B investment push with AI projects at center
The agreements, covering 42 projects across sectors including high-end equipment, life sciences, new energy and advanced materials, mark one of the district’s largest coordinated investment drives to date.
Ant Group seizes control of Hong Kong broker Bright Smart in $360M deal
This announcement concluded a transaction that had taken nearly a year to complete, marking a pivotal expansion of Ant’s financial services footprint beyond mainland China.
Hangzhou launches high-end data labeling hub to power AI training ecosystem
The Hangzhou base will focus on higher-value labeling tasks tied to complex industrial scenarios such as autonomous driving, embodied intelligence, smart healthcare and industrial AI.
Diagens soars 120% in HK debut as medical imaging AI sparks investor frenzy
Diagens is emerging as an outlier in an industry often weighed down by heavy computing costs and long monetization cycles.
AR glasses leader Rokid to receive RMB 180M from optical lens producer Conant
The deal underscores a broader trend of traditional vision-tech players moving from supporting roles into the forefront of the smart glasses sector.