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.
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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.
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.
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.
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.
Hangzhou launches smart clearance tool to trim trade flows at Yiwu port
The port handles around 2,000 twenty-foot equivalent units (TEUs) daily, peaking at over 4,000, with more than half destined for transshipment.
Manycore Tech starts share sale, eyes first global space-intelligence IPO
The offering marks Manycore as the first global space-intelligence company to go public and the first among Hangzhou’s so-called “Six Little Dragons” to hit the capital markets.
Computer vision giant Deep Glint picks Hangzhou for East China HQ
The new Hangzhou headquarters will focus on serving government and enterprise clients while scaling deployment of vision-AI applications across industries from finance to transportation.
Hangzhou rolls out grants of up to RMB 500,000 to attract young entrepreneurs
Hangzhou has spent 18 years building its student entrepreneurship programs, rolling out six successive three-year initiatives that have helped nurture startups including robotics firm Unitree.