Hangzhou

A Chinese physical AI start-up, Spirit AI, briefly overtook Nvidia in a global robotics ranking, sparking controversy amid US-China AI competition. The firm's Spirit v1.6 model, launched in June, achieved the top spot on RoboArena before the lead was disputed.

A surgical procedure for Alzheimer’s disease, tested in Hong Kong by researchers at the Chinese University of Hong Kong (CUHK), aims to improve patients' ability to perform basic tasks and remain socially engaged by draining abnormal protein buildups in the brain. The clinical trial is based on a method pioneered by a mainland Chinese doctor in Hangzhou since 2018.

Unitree Robotics will launch its initial public offering in Shanghai next week, selling 40.45 million shares (10% of its enlarged share capital). The company's founder, Wang Xingxing, and related parties will retain 31.29% of shares and 65.31% of voting rights post-listing, as China's robotics start-ups compete with U.S. counterparts.

Shen Yang, a top endocrinologist with 16 years of US clinical experience and board certifications in internal medicine and endocrinology, has joined Westlake University's medical school in Hangzhou, China. She is the first clinical doctor at the university's school of medicine.

A US congressional advisory panel focused on China has returned from a trip to Beijing, Shanghai, and Hangzhou, with commissioners pledging annual visits to strengthen engagement and inform US-China relations. The US-China Economic and Security Review Commission provides annual reports and recommendations to lawmakers on trade and national security policies.

A luxury penthouse in Hangzhou set record highs for unit price and total value as new tech wealth boosts the market. The Wangtianji development sold all 66 units on July 16, generating 3.36 billion yuan in sales with seven to eight bidders competing for each riverfront flat.

Chinese AI start-up DeepSeek is seeking a US$70 billion valuation in a new funding round following its recently closed Series A round, which raised US$7 billion and valued the company at nearly US$60 billion.

Zhejiang University in China has trademarked its eagle-shaped emblem, leading to speculation it aims to prevent a potential legal dispute with the luxury brand Armani. The university's eagle design closely resembles Armani's logo, according to the China Business News.

Alibaba's shares rose the most in 10 months due to growing earnings expectations. The company's headquarters is located in Hangzhou, China.

Starbucks is adapting its consumer strategy in China, as observed by an American expatriate who notes differences in local stores compared to those in the United States. The company aims to maintain its presence in the Chinese market by tailoring its approach to local preferences.

Alibaba will pay $600 million to the U.S. government to resolve allegations of selling and importing illegal pharmaceuticals, controlled substances, and regulated chemicals. The dispute involves claims that the Hangzhou-based tech firm engaged in unauthorized pharmaceutical sales in the U.S.

A 21-year-old courier in Hangzhou, China, entered a burning flat three times to extinguish flames before collapsing from smoke inhalation. He was celebrated as a hero for his actions despite sustaining injuries.

Unitree Robotics has received approval from China’s securities regulator for a Shanghai IPO, which aims to set a valuation benchmark for China’s embodied AI sector. The company cleared a review by the Shanghai Stock Exchange’s listing committee and is finalizing its underwriting plan, pricing, and share subscriptions for a potential late debut.

A man in Hangzhou, China, was refunded by a gym after being asked to stop using the facility due to complaints about his strong body odor. The gym also offered him a three-month membership at another location as part of the resolution.

DeepSeek, a Chinese AI startup, secured a 50 billion yuan Series A funding round, valuing the company at 400 billion yuan post-investment. The deal highlights the startup's potential to reshape China's AI landscape amid intensifying competition.

Alibaba Group Holding has launched its first suite of artificial intelligence models for robots, joining a global race to move AI into the physical world. The company introduced the Qwen Robot Suite, developed by Tongyi Lab, as part of its 'embodied AI' initiative.

China's legal system is facing a surge in AI-related court cases, with experts highlighting the lack of a unified legislative framework as a major obstacle. A recent Hangzhou court case ruled against a tech company that fired a worker, claiming AI could replace him, after he refused a demotion and pay cut.

A 25-year-old woman in Hangzhou, China, developed acute pancreatitis after following an extreme weight-loss regime involving eating once a week and fasting for six days. She previously weighed 55kg and used the alias Qingqing.

Unitree Robotics cleared a major hurdle for its Shanghai IPO by passing a listing committee hearing. The company filed to list on Shanghai’s Star Market on March 20 and will proceed with registration and issuance after regulatory reviews.

A woman in Hangzhou, China, nearly died after a fishing line wrapped around her throat while she rode an electric bike on a crowded bridge. The incident occurred on May 23, sparking online safety concerns.

Chinese venture capitalists and industrial giants are intensifying investments in dexterous robotic hands, a critical challenge in the global humanoid hardware arms race. Xynova, a Hangzhou-based startup, recently secured a series A round led by Xiaomi and Li Auto's venture arms.

Chinese venture capitalists and industrial giants are intensifying investments in dexterous robotic hand developers, with Hangzhou-based startup Xynova recently securing a Series A round from Xiaomi and Li Auto. The funding surge highlights the sector's role as a critical bottleneck in the global humanoid hardware arms race.

Unitree Robotics, a leading Chinese humanoid robot company, reported a significant first-quarter profit decline amid rising expenses and a price war, raising concerns ahead of its June 1 Shanghai Stock Exchange Star Market IPO review. The company's financial struggles threaten its public listing plans.

Unitree Robotics, a leading Chinese humanoid robot company, reported a significant first-quarter profit decline amid rising expenses and a price war, just before its June 1 IPO listing hearing on the Shanghai Stock Exchange's Star Market. The company's financial struggles could impact its IPO prospects.

Pakistan's Prime Minister Shehbaz Sharif, known for his swift execution of projects ('Sharif speed'), met with Alibaba Group chairman Joe Tsai during his China visit to seek a comprehensive strategic agreement for accelerating Pakistan's digital economy. The meeting occurred at Alibaba's Hangzhou headquarters as part of Sharif's four-day visit.

Pakistan's Prime Minister Shehbaz Sharif, known for his 'Sharif speed' in executing projects, met with Alibaba Group chairman Joe Tsai during his China visit and requested a comprehensive strategic agreement to boost Pakistan's digital economy. The meeting took place at Alibaba's headquarters in Hangzhou.

A compact Chinese device developed by Wen Liaoyong's team at Westlake University can detect cancer biomarkers in a single blood drop with 10,000 times higher accuracy than conventional methods. The breakthrough, published in Nature Photonics on May 13, miniaturizes a refrigerator-sized detection system into a handheld device.

DeepSeek V4 Pro, a Chinese AI model, tops global cost-efficiency rankings after a permanent 75% price cut, outperforming US rivals like OpenAI and Anthropic. The Hangzhou-based startup made the price reduction permanent a month after launching its V4 generation models.

Chinese AI company DeepSeek has hired Cui Tianyi, a former Jane Street engineer, to join its new AI agents team as the company seeks to compete in the rapidly evolving agentic AI market. Cui previously co-founded and worked at TSY Capital, a Hong Kong-based quantitative trading firm, and spent nearly nine years at Jane Street before that.

Emerging-market stocks are rising with Alibaba and TSMC joining the AI hot streak. This increase is driven by the growing interest in artificial intelligence. The rise in emerging-market stocks is a notable trend in the current market.

A Chinese court ruled in favor of a worker who was replaced by AI, awarding him over £28,000 in compensation. The worker, Zhou, was a quality assurance supervisor at a tech company in Hangzhou. The case highlights China's efforts to balance AI adoption with job security.

A Chinese court ruled in favor of a worker who was replaced by artificial intelligence, awarding him over £28,000 in compensation. The worker, Zhou, was a quality assurance supervisor at a tech company in Hangzhou. The case highlights China's balance between adopting AI and ensuring job security.

A tech worker in Hangzhou, China, was laid off after his job was replaced by AI. An appeals court in the city ruled the dismissal unlawful, highlighting legal concerns around AI-driven job replacements.

A tech worker in Hangzhou, China, was dismissed after his job was replaced by AI. An appeals court in the city ruled the dismissal unlawful.