Latest news with #SixLittleDragons
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South China Morning Post
40 minutes ago
- Business
- South China Morning Post
How Hangzhou's ‘Six Little Dragons' built a new Chinese tech hub
Read more: Hangzhou is rapidly gaining recognition as a leading technology centre in China, primarily because of the rise of local start-ups known as the 'Six Little Dragons'. One of the hottest new companies is DeepSeek, which captured global attention in early 2025 with its cost-efficient artificial intelligence (AI) models. The other 'dragons' include robotics firms Unitree and Deep Robotics, video game studio Game Science, brain-machine interface innovator BrainCo, and 3D interior design software developer Manycore. The cluster of hi-tech companies forming in Hangzhou is no coincidence. The city is already home to Zhejiang University and Alibaba, which owns the South China Morning Post. It attracts talent from across the country, and its business-friendly policies have nurtured many start-ups.
South China Morning Post
28-04-2025
- Business
- South China Morning Post
Hong Kong urged to act fast for Zhejiang tech firms amid US-China trade war
Hong Kong must act 'fast and be agile' in providing tailored financial and professional service solutions to Zhejiang-based technology companies as ongoing US-China tensions continue to disrupt their supply chains, industry representatives and experts have said after the city leader's trip to the province. Advertisement During Chief Executive John Lee Ka-chiu's four-day trip to Zhejiang province, home to the country's top tech start-ups known as the 'Six Little Dragons', the two sides agreed to launch a new cooperation mechanism. The crucial question is how Hong Kong should capitalise on the opportunities identified after engaging with technology giants in Hangzhou and understanding their needs. The aim is to help these companies mitigate supply chain disruptions and expand their international presence. Hangzhou, the capital of Zhejiang, has earned the reputation as China's Silicon Valley and has become a model for many mainland Chinese cities in its rise as a technology powerhouse. The province began fostering a technology-driven economy as early as 2003 under the 'digital Zhejiang' initiative, allocating funds not only to universities and institutions but also to the manufacturing sector for the commercialisation of technology research. Advertisement In 2023, the added value of core industries within the digital economy in Zhejiang reached 986.7 billion yuan (US$135.3 billion). The advanced manufacturing industry also achieved significant progress, with its added value exceeding 300 billion yuan.
South China Morning Post
25-04-2025
- Business
- South China Morning Post
Zhejiang mission by John Lee another feather in integration cap for Hong Kong
Accelerating cross-border integration has opened up new horizons for Hong Kong to work closer with the mainland. Having forged good ties with various authorities over the past few years, Chief Executive John Lee Ka-chiu has further reinforced mainland foundations with a fruitful visit to Zhejiang. Advertisement A closer relationship with those over the border under the 'one country, two systems' principle has been a long-standing priority, with cooperation mechanisms already established with Guangdong, Shenzhen and others in the Greater Bay Area development zone. The four-day trip to Zhejiang marks another positive step for the city as it continues to reach out. The four agreements signed with local authorities, covering 51 projects across 13 areas, such as technological innovation, housing, trade partnerships, and youth development initiatives, open up new opportunities for collaboration. Apart from attending the first plenary session of the Hong Kong-Zhejiang Cooperation Conference in Hangzhou, Lee also visited tech facilities, during which he learned more about the rise of start-ups known as the 'Six Little Dragons', including AI company DeepSeek, Unitree and Deep Robotics, video game designer Game Science, brain-machine interface innovator BrainCo and 3D interior design software developer Manycore. Observers believe the research landscape and commercialisation capabilities of Hong Kong may be enhanced if tech firms can expand into the city. Lee also met Hong Kong entrepreneurs of Ningbo descent. Advertisement Last year, President Xi Jinping sent a letter urging the Ningbo group to contribute more to national modernisation. The move was seen as a reference to the then 40th anniversary of the call by late paramount leader Deng Xiaoping to mobilise entrepreneurs of Ningbo descent globally to develop the port city.
RTHK
25-04-2025
- Business
- RTHK
Lee's mainland tech drive 'making HK more synched up'
Lee's mainland tech drive 'making HK more synched up' John Lee's visit to Zhejiang is significant given that it contributes 10 percent of China's GDP and is home to 'Six Little Dragons'. Photo: John Lee's Facebook A Hong Kong deputy to the National People's Congress said on Friday mainland technology firms can show the world what they have achieved through the SAR. Speaking on RTHK's Backchat programme, Nicholas Chan said Chief Executive John Lee's visit to Zhejiang is significant as the province accounts for nearly 10 percent of China's gross domestic product. Chan also believed there will be closer cooperation between the SAR and Zhejiang now that a memorandum of understanding has been signed for 51 projects that cover 13 key areas like smart cities, artificial intelligence, fintech and biotech. He also believed that Hangzhou's "Six Little Dragons" – DeepSeek, Game Science, Unitree Robotics, Deep Robotics, BrainCo and Manycore Tech – can raise funds globally via Hong Kong, citing the SAR's role as a 'super connector' and 'super value-adder'. 'You look at what's happening there in our government plan for the coming year," Chan said. "It is about how we develop technology and industries together in a synchronized way so that you don't have technology that is just built for interest but which no one uses, and industries dying for some technology that doesn't exist. 'We will be more synced up, more joined up, and we'll be able to unleash more power, particularly in these testing geopolitical times,' he added. Chan said Hong Kong is an ideal location for companies to demonstrate robotics technology to the world as countries like the United States have a strong belief in Hong Kong's compliance law. 'And so if we can build this, demonstrate to the world through Hong Kong, then these technologies would have a stronger reach throughout the world and be able to improve lives generally throughout the world,' he said. Speaking on the same programme, artificial intelligence consultant Raj Shroff said Hong Kong, as an international city, is also attractive for high-tech firms, as the companies can attract foreign capital and customers into the SAR, while the city's universities also bring in a lot of talent locally and from around the world. Hong Kong, he said, has laid out a welcome mat for tech firms to operate here and the talent acquisition and sharing would make the SAR a larger technology hub.
RTHK
23-04-2025
- Business
- RTHK
CE eyes collaboration with Hangzhou's 'Little Dragons'
CE eyes collaboration with Hangzhou's 'Little Dragons' John Lee is briefed on a robotic dog at Hangzhou Future Sci-Tech City Urban Exhibition Hall. Photo courtesy of John Lee's Facebook page John Lee during a visit to BrainCo to learn about high-tech products, such as smart bionic arms and legs. Photo courtesy of John Lee's Facebook page Chief Executive John Lee said on Wednesday he had exchanges with six Hangzhou start-ups and welcomed them to expand in Hong Kong. On the second day of his visit to Zhejiang province, Lee went to the Hangzhou Future Sci-Tech City Urban Exhibition Hall in the morning. In a social media post, the chief executive said the exhibition hall showcased the achievements of six Hangzhou start-ups, nicknamed the Six Little Dragons. Lee said he had exchanges with representatives of the six start-ups, including discussions over their future collaboration with Hong Kong. He thanked the companies for supporting the SAR's innovation and technology development and welcomed them to set up or expand in the city and cooperate with Hong Kong enterprises and organisations. The chief executive visited one of the Six Little Dragons, BrainCo, on Wednesday morning to learn about high-tech products such as smart bionic arms and legs. In the afternoon, he visited another leading start-up, Unitree Robotics, during which its CEO, Wang Xingxing, said there will be more cooperation opportunities with Hong Kong in the future. "[Lee] had a look at many of our products, including some which have not been launched yet," Wang said. "He looked at our robot dogs, humanoid robots and boxing robots." Lee also wrote that he visited the First Affiliated Hospital of the Zhejiang University School of Medicine to learn about the operation of a smart hospital and the use of artificial intelligence for clinical diagnoses.
