Tencent, Alibaba weigh stakes in DeepSeek at $20 billion valuation
Earlier discussions had suggested a baseline valuation of $10 billion, though negotiations remain ongoing and final terms could still change.
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Zhejiang free trade zone marks outsized trade gains ahead of expansion
Authorities highlighted progress across four focus areas—commodities, digital trade, logistics hubs and commerce.
Hangzhou innovation conference to spotlight HK IPO rush for unicorns
The three-day event (April 22-24), themed around innovation and AI, will introduce a dedicated forum connecting unicorn companies with overseas listing channels, particularly in Hong Kong.
Stationery giant Deli Group opens data center to support digital shift
As AI adoption accelerates, some established Chinese companies are opting to build in-house data centers to support their AI-driven operations, reducing reliance on third-party computing infrastructure.
Drive-by-wire chassis provider Nasn clears filing hurdle for HK IPO
The company has developed an end-to-end platform covering design, validation, algorithms, testing and mass production, allowing it to deliver system-level solutions across braking, steering and motion control.
Surveillance giants Hikvision, Dahua post profit gains as innovation bets grow
The two companies showed broadly similar business structures, with both reporting rising margins and improved efficiency.
Unitree H1 hits faster-than-human pace in robot half-marathon qualifier
Unitree said H1 ran in full autonomous mode throughout the course, including tight turns and dynamic obstacles.
Hangzhou ranks No. 2 in China AI computing capacity as sector expands
The city trails only Beijing in total computing capacity, according to industry data, reflecting the capital’s concentration of national-level data centers and research institutions.
Manycore Tech extends rally, shares double in Hong Kong trading frenzy
The surge follows a strong debut last week, when the stock jumped more than 140% on its first day of trading.
Hangzhou police deploy AI, robotics as policing enters cyber age
The rollout comes as Hangzhou faces growing strain on public security resources. The city’s registered population has surged past 8.8 million, while vehicle ownership exceeded 5 million.