Manycore Tech’s spatial AI model wins regulatory approval in China
The approval allows the company to commercially deploy the model under China’s generative AI regulations, which require security and compliance reviews before public rollout.
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Hangzhou deepens state capital stack with $3 billion new fund cluster
The rollout of the four new funds came on the heels of two smaller vehicles unveiled on May 15, sized at 1 billion yuan and 500 million yuan, respectively.
Zhejiang exports to Russia hit record $5.9 billion in Jan-April
On the financial side, many Zhejiang exporters are primarily settling cross-border trade directly in yuan, circumventing dollar-denominated wire transfers.
Huasheng Health raises Series E funds to spur pivot from fertility care
The Huzhou-based startup also announced a rebrand from “Huasheng Care” to Huasheng Health, positioning itself as a broader AI-driven, full-lifecyle healthcare platform.
Quzhou opens 2.4 million carbon accounts under new regulation
Under the system, carbon accounts function like digital ledgers for emissions generated by companies and individuals.
Shaoxing weather radar maker Whole Sense heads to STAR Market review
Founded in 2014, the company was among the first domestic firms to receive a phased-array weather radar operating license from the China Meteorological Administration.
Hangzhou launches nation’s first AI open-source operations program
Organizers described it as a new training model combining government support, academic programs, foundation resources and community-driven practice.
Shanghai exchange accepts DEEP Robotics’ STAR Market IPO bid
The filing comes as China’s quadruped robotics sector enters a more competitive capital-markets phase.
Hangzhou expands govt-backed industry fund network to $45 billion
By the end of 2025, the three funds had approved investments into 392 sub-funds and 4,614 projects, with total committed capital reaching 143.3 billion yuan.
Hangzhou launches $220M low-carbon, secondary funds to back future sectors
They include a 1 billion yuan low-carbon development fund and a 500 million yuan secondary, or S, fund focused on private equity share transfers.