Hangzhou emerges as new tech hub with ‘Little Dragons’ like DeepSeek, Unitree

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Hangzhou emerges as new tech hub with ‘Little Dragons’ like DeepSeek, Unitree - SCMP

Quick Summary:

Six Hangzhou start-ups are bringing more international prestige to the hometown of Alibaba and reshaping the geography of Chinese innovation.

He credited his company’s success to Hangzhou’s “atmosphere of innovation”, fostered through favourable government policies such as tax incentives, industrial park development, and financial backing.

Among the hottest of the start-ups right now is DeepSeek, which captured global attention this year for its cost-efficient artificial intelligence (AI) models.