Yiwu trade tops $30 billion in Q1 2026 as exports surge 25%
Trade with ASEAN countries rose 68.3%, the fastest among major markets, while commerce with Africa increased 47.3% to 41 billion yuan.
Year: 2026
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CAS Space opens Shaoxing rocket factory as Kinetica-2 scales production
The company aims to shorten assembly and testing cycles to under two months within three to five years, with an annual capacity of up to 12 rockets.
Hangzhou district offers subsidies to spur early AI adoption
Hangzhou has set a goal of becoming China’s leading AI hub, evolving from its roots as an e-commerce center into a broader deeptech powerhouse, with a focus on AI.
Alibaba chip unit unveils network card to ease AI data bottlenecks
It supports up to 400 Gbps throughput and is designed for AI training clusters, general computing infrastructure and high-performance storage.
Unitree wins patent for cleaning robot, to expand beyond legged machines
The move is not Unitree’s first attempt to branch out beyond legged robotics and expand monetization channels.
Kaluga Queen opens Hangzhou flagship store as caviar mogul targets home market
The company said the goal is to make caviar more accessible, shifting it away from its long-standing image as an exclusive fine-dining symbol.
MagicLab sets up Hangzhou base to scale humanoid production
The Hangzhou expansion signals a broader strategic shift toward real-world deployment and order fulfillment.
DeepSeek boosts capital, founder tightens control amid funding talks
On a look-through basis, Liang Wenfeng controls about 84.29% of DeepSeek, maintaining effective control of the company.
Hangzhou eyes 33,000 AI patents as it rolls out new IP measures
Hangzhou also aims to cultivate over 18,000 high-value patents through dedicated programs, but officials fell short of defining “high-value” at the conference.
Alibaba joins Time’s Top 10 most influential AI companies list
Time cited Alibaba’s expanding full-stack AI capabilities—from chips and cloud infrastructure to models and applications—as a key factor behind its inclusion.