Fortune 500 education arm becomes Zhejiang’s first EdTech unicorn
Hailiang Technology Services positions schools as its entry point, embedding AI-powered tools into teaching, management and student development.
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Hangzhou adds 8 unicorns, tightening grip on Zhejiang’s startup landscape
As of April, Hangzhou accounted for 83% of the province’s 58 unicorns, up from 80% a year earlier.
Zhejiang unicorn ranks swell to 58 as AI, chips drive next wave
Hangzhou continued to dominate the landscape, home to 48 of the province’s unicorns, up from 44 last year—when it already hosted roughly four out of every five such startups.
Alibaba unveils unified avatar to anchor AI assistant drive
It will appear first in its standalone app before expanding into a broader range of services across the company’s ecosystem, according to the tech giant.
Hangzhou scales up drone delivery as ‘air express’ gains traction
The model has gained momentum over the past six months, targeting dense commercial zones, office clusters and residential neighborhoods.
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.
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.