News
What’s moving the Yangtze River Delta? Stay up to date with the region’s latest business, tech, and policy news.
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All Blossom Conference celebrates 10th year, to focus on AI, robots and unicorns
Launched in 2017, the All Blossom Conference has been held annually every spring, becoming a key event for entrepreneurs, investors, and technology experts.
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Zhejiang venture capital ecosystem vows support for ‘patient capital’ in signed declaration
By emphasizing long-term, “patient” investments, the initiative aims to support high-tech startups through every stage of their development — from initial research to full-scale industrialization.
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Zhejiang ramps up venture capital push to build ‘patient capital’ hub
Hangzhou’s Runmiao Fund, with an initial size of 2 billion yuan ($290 million) and a 20-year lifespan, focuses on providing first-round financing for early-stage technology firms.
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Siemens, Alibaba join hands to accelerate industrial software transition to cloud
The collaboration will offer Chinese customers computer-aided engineering (CAE) capabilities delivered via Infrastructure as a Service (IaaS).
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Alibaba’s DAMO Academy unveils RISC-V-based C950 CPU, setting performance records
Designed for cloud computing, generative AI, high-end robotics, and edge computing, the C950 offers more than three times the performance of its predecessor, the C920.
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Warehouse robot maker Galaxis debuts in HK trading after $89 million IPO
Headquartered in Jiaxing’s Nanhu district, Galaxis Robotics was founded in 2014 by a husband-and-wife team holding doctoral degrees from Massachusetts Institute of Technology and Cornell University.
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DEEP Robotics reveals robots in over 100 substations at key China forum
With the stakes getting higher, industrial applications—often more lucrative—have attracted players to customize their products and services to meet tailored needs of end customers like power grid operators.
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Alibaba rumored to debut new AI hardware as it expands into agent-led workstations
While Alibaba’s move is being closely watched, some industry experts remain skeptical about the need for exclusive hardware for AI agents.
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Yiwu trade surges 53% in Jan-Feb as small-goods hub expands global reach
Meanwhile, Yiwu’s trading footprint continued to widen geographically. The city conducted trade with 222 countries and regions in the January-February period, nine more than a year earlier.
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Zhoushan unveils 64 tech projects worth RMB 408B to boost growth in 2026
Announced recently by the Zhejiang Development and Reform Commission, Zhoushan’s 64 projects will receive a combined 53.02 billion yuan in planned investments for 2026.