Zhejiang releases measures to support AI industry
East China's Zhejiang province, which is home to tech companies including Alibaba, DeepSeek and Unitree Robotics, issued a document detailing new measures to support the innovative development of artificial intelligence.
The document said the goal is to build a trillion-yuan ($13.85 million) AI industry ecosystem and detailed 27 specific measures.
Among them, it supports smart device consumption by including products such as smart home robots, smart glasses, smart bionics, and smart health devices in the subsidy program for trade-in of consumer goods. A subsidy of up to 15 percent of the product price, capped at 2,000 yuan per item, will be provided.
The document states that by 2027, Zhejiang aims to establish a sustainable and leading development framework, with core technologies and industrial applications in general artificial intelligence ranking among the top in the country. It plans to cultivate several globally competitive and influential AI enterprises, targeting a total income of over 1 trillion yuan for the province's large-scale AI core industries.
By 2030, the province aims to fully establish a sustainable and leading development framework, with core technologies and industrial applications in general artificial intelligence leading globally. A group of globally competitive and influential AI enterprises will emerge, with the total income of large-scale AI core industries exceeding 1.2 trillion yuan.
Hangzhou, capital of Zhejiang province, is the headquarters of DeepSeek, a renowned Chinese AI company.
Also based in Hangzhou are Unitree Robotics, DEEP Robotics, Game Science, BrainCo, and Manycore. Together with DeepSeek, these companies are collectively known as Hangzhou's "Six Little Dragons," which are emerging enterprises with significant influence in cutting-edge technology fields.