A total of 41 new corporate venture capital funds were registered in the coastal province last year, the highest number among those recorded in 18 mainland provinces in the same period, according to the latest data from CYZone Research Centre in China.
Zhejiang has been attracting more investments amid the province’s evolution from e-commerce hub into a new haven for entrepreneurs involved in advanced technologies.
That reflects the success of the province, especially Hangzhou, to foster innovation through favourable government policies such as tax incentives, industrial estate development and financing in spite of China’s lacklustre economy.
After Game Science-developed Black Myth: Wukong took the video-gaming industry by storm early last year, DeepSeek recently seized the global spotlight with its release of advanced open-source AI models, V3 and R1 – both trained at a fraction of the cost and computing power that major companies typically require for such AI projects.
