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The latest news, analysis and opinion on Hangzhou. In-depth analysis, industry insights and expert opinion.
Head of Government
Party Secretary of Hangzhou Liu Jie
A Unitree G1 humanoid robot waves to children at a kindergarten in Yantai, Shandong province. Photo: CFOTO/Future Publishing via Getty Images
Robotics

Unitree Robotics profitable since 2020, eyes expansion amid high demand

The Hangzhou start-up known for its robot dogs told local media it had no immediate plans for additional fundraising.

Alibaba

Alibaba, Ant partner with home province to boost China’s AI drive

Robotics

Unitree’s robots won’t be helping with the cleaning up just yet

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Robotics

China’s Shenzhen Dobot excites investors with US$27,500 humanoid

The Hong Kong-listed company has begun taking pre-orders for the robot, with mass production expected by mid-2025.

Shenzhen Dobot launches its humanoid robot Dobot Atom, priced at 199,000 yuan. Photo: Handout
Robotics

China reveals economic data on service robots for the first time

Service robots outperformed industrial robots in both growth and output in January and February, according to the statistics bureau.

Artificial intelligence

DeepSeek’s success lies in singular focus on innovation, AI scientist says

Hong Kong PolyU’s Yang Hongxia says China’s DeepSeek is purely engaged in AI model development.

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China technology

Venture capital funds flock to China’s Zhejiang province amid hi-tech push

Provincial capital Hangzhou is home to Alibaba and start-ups DeepSeek, Unitree, Deep Robotics, Game Science, BrainCo and Manycore.

A bird’s-eye view of Hangzhou, capital of eastern Zhejiang province. Photo: Shutterstock
Robotics

China manufacturing, AI pose an ‘existential threat’ to US in robotics sector

Domestic manufacturers’ share in China, the world’s largest robotics market, nears 50 per cent, up from 30 per cent in 2020.

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Alibaba

Alibaba revamps Quark search engine into AI super assistant

The new version of the web-search and cloud-storage tool offers advanced capabilities such as AI chatbot, deep thinking and task execution.

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Artificial intelligence

DeepSeek revolutionises stock trading as China’s retail investors embrace AI

Chinese retail investors are paying thousands of yuan to experts for learning to trade with AI.

The rapid adoption of DeepSeek in China’s retail-dominated stock market is prompting changes at brokerages and wealth managers. Photo: Shutterstock
Alibaba

Alibaba.com targets 100% AI adoption by merchants in 2025

Zhang Kuo, president of Alibaba’s international wholesale marketplace, expects the AI initiative to help sellers and buyers on the platform.

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Kumamoto / JAPAN - Oct 3 2020 : Alibaba.com logo on iPhone in cart with Chinese flag. Alibaba Group, Chinese multinational conglomerate holding, is the world's largest retailer and e-commerce company.
Two Sessions 2025

In China’s economic transition, who’s up and who’s down?

As China continues its economic transformation, some industries stand to gain tremendously – and others are being left in the dust.

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China stock market

DeepSeek, China’s Sputnik moment, spurs re-rating of Seven Titans in Hong Kong

DeepSeek’s breakthrough fuels huge revaluation of Chinese tech stocks, boosting investor confidence and reshaping global market dynamics.

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Artificial intelligence

Chinese tech firms from Huawei to Inspur push ‘all-in-one’ DeepSeek AI servers

More than 30 Chinese server manufacturers now produce machines embedded with DeepSeek’s AI models.

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Demand for DeepSeek-powered all-in-one machines is expected to lift total 2025 sales in the domestic AI server market to US$7.4 billion. Photo: Shutterstock
DeepSeek

China’s AI start-ups scramble to respond to DeepSeek amid shift to open source

Hangzhou-based DeepSeek has dominated the spotlight in China’s AI arena at the expense of local peers such as Moonshot and MiniMax.

DeepSeek’s presence looms large in China’s nascent artificial intelligence industry. Photo: Reuters
DeepSeek

China’s science fund calls for more research after studying DeepSeek models

More than 10 experts from the country’s best universities attended the seminar, which was held in Beijing on February 20.

China property

Hong Kong’s New World to launch ‘Front Tower’ office building in Hangzhou

Beleaguered developer seeks to capitalise on a tech-fuelled revival in the eastern city’s property market.

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Alibaba

Buns over bytes: Laid-off tech workers pursue culinary dreams

In Hangzhou, four ex-Alibaba employees have launched a thriving eatery that aims to inspire career reinvention.

The Ummy Mummy bun restaurant in Hangzhou. Photo: Handout
DeepSeek

DeepSeek ends week-long marathon to disclose AI model details

Some AI developers are already using DeepSeek’s open-sourced techniques to improve efficiency.

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Hong Kong property

SHKP’s earnings drop as slowdown erodes assets

Meanwhile, New World Department Store’s interim earnings nearly double on stronger performance by mainland shopping malls.

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Artificial intelligence

Robotics star Unitree warns of scams as investors seek a way in

The start-up, whose founder attended President Xi’s business symposium last week, has become a hot investor target.

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A man shakes hands with a humanoid robot from Unitree Robotics during the Global Developer Conference in Shanghai on February 21. Photo: AFP
DeepSeek

DeepSeek cuts API prices up to 75% for overnight use amid server constraints

Users accessing the V3 or R1 models between 12.30am and 8.30am China time can get steep discounts starting from Wednesday.

DeepSeek is cutting the price of accessing its models through its API during off-peak hours after midnight. Photo: Reuters
Alibaba

Alibaba makes Sora-style video AI models open source

Move covers four models of the Wan2.1 series, the latest version of Alibaba Cloud’s video foundational model Tongyi Wanxiang.

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DeepSeek

As DeepSeek knock-offs flourish, China curbs false trademarks

China rejects dozens of trademark applications for the name DeepSeek, as Hong Kong sees questionable companies bearing the start-up’s name.

Artificial intelligence

Rokid’s AI-infused AR glasses wow China with real-world demo

A demonstration by company founder Misa Zhu at a government event has gone viral on social media and sparked a stock market frenzy.

Misa Zhu Mingming, CEO and founder of Chinese augmented reality (AR) start-up Rokid, introduces the Rokid Glasses at a launch event last year. Photo: Weibo
IPO

Exclusive | Chinese tech firms eye Hong Kong IPOs amid DeepSeek-triggered AI boom

Mid and large-cap Chinese firms in semiconductors, AI and robotics are exploring Hong Kong IPOs, UBS executive says.

More Chinese tech firms could tap Hong Kong’s IPO market amid a shift in the market’s perception on AI development on the mainland and regulatory support. Photo: Jonathan Wong
China technology

Home of DeepSeek, Black Myth: Wukong, can Hangzhou rival Shenzhen’s tech crown?

Shenzhen, long the heart of China’s tech industry, may have a new rival as Hangzhou’s companies take centre stage. Will they compete or collaborate?

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Alibaba

Alibaba investors hail e-commerce giant’s AI pivot, major outlay

Alibaba’s Hong Kong-listed shares surged 15 per cent on Friday, following an 8 per cent gain overnight in New York.

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