Zhejiang, home to AI upstart DeepSeek and other firms, endeavours to be a world-leading incubator for the bleeding edge of tech.

On December 4, 2024, @Natsume'sCat shared a video from Zhejiang, China, showing their child crawling with their legs up. The caption read, “The news that my son crawls fast has spread to the nearby villages!

HANGZHOU — Zhejiang, a major manufacturing province in eastern China, plans to cultivate 20 new "Eagle Enterprises", or industry leaders, predominantly from the private sector, in 2025.

Guangdong maintained its position as the Chinese province with the biggest economy for the 36th consecutive year, with GDP of CNY14.1 trillion (USD1.9 trillion), according to the economic data recently released by all 31 of China’s provincial-level regions.

DeepSeek has delighted the Chinese internet ahead of Lunar New Year, the country's biggest holiday. It's good news for a beleaguered economy and a tech industry that is bracing for further tariffs and the possible sale of TikTok's US business.

The investment case for Zhejiang Huahai, based within the province of Zhejiang, is that it is cheap based on current valuations, has good fundamentals and is a fairly decent business. The company was founded in 1989 and now employs over 9,000 people. It operates more than 40 subsidiaries and units across China, the US and Germany.

The low-profile 40-year-old is winning widespread praise for keeping artificial intelligence costs affordable and giving Western firms and tech entrepreneurs a run for their money.

Chinese startup DeepSeek has released a new open-sourced “low cost” artificial intelligence model R1, rivalling ChatGPT, earning both appreciations and concerns from tech experts in Silicon Valley.

Natsume'sCat shared a video from Zhejiang, China, showing their child crawling with their legs up. The caption read, “The news that my son crawls fast has spread to the nearby villages!”

As global markets navigate the complexities of new political developments and shifting economic indicators, major indices like the S&P 500 have seen a surge toward record highs, fueled by optimism over potential trade deals and AI investments.

On August 15, Chinese new energy vehicle maker Zhejiang Leapmotor Technology Co., Ltd. ("Leapmotor") released its financial report for the first half of 2024, during which the company recorded a revenue of 8.845 billion yuan, marking a 52.2% year-on-year surge.

Liang Wenfeng is the visionary founder of DeepSeek, an innovative Chinese AI company known for its groundbreaking, cost-effective open-source large language models.