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.
Year: 2026
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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.
Hangzhou targets 50 ‘AI-powered factories’ in manufacturing overhaul by 2026
Hangzhou’s push draws on its industrial base of nearly 7,500 large-scale manufacturers with annual main-business revenue of 20 million yuan ($2.93 million) and more.
Surging auto parts orders lift Joyson Electronics profits to 18% in Q1
This comes as the Chinese auto supplier for domain controllers and cockpit electronics reported a spike in new orders and stepped up investments in emerging technologies including robotics.
Alibaba opens testing for HappyHorse AI video model with paid rollout
The model, introduced on April 27 as part of so-called “gray testing,” is available to selected global creators and enterprise clients via its official website and cloud platform Bailian.
DEEP Robotics unveils upgraded quadruped M20S for industrial use
The robot is rated at IP67, allowing it to withstand submersion in up to one meter of water for 30 minutes, and operate in conditions such as heavy rain or flooding.
CFMoto Aspar takes Moto3 win at Spanish Grand Prix, extends podium run
The result comes less than a month after another Zhejiang-backed team, ZXMoto, secured a double victory in the WorldSSP championship.
Kuaishou’s esports teams to move to Hangzhou, expand local network
The company also plans to launch an esports-themed week and related ecosystem projects starting in May.
DeepSeek cuts AI model prices to new lows after V4-Pro launch
Combined, these cuts bring input cache costs down to as little as 0.025 yuan ($0.0037) per million tokens, with output priced at 6 yuan ($0.87), among the lowest levels seen in the industry.