China's tech hub unveils measures to boost innovation
1 month, 2 weeks ago

China's tech hub unveils measures to boost innovation

China Daily  

HANGZHOU -- The eastern Chinese tech city of Hangzhou, home to e-commerce giant Alibaba and rising AI star DeepSeek, has announced a series of measures to further elevate its status as a high-level innovation hub. The measures are aimed at enhancing high-level innovation platforms, promoting the technology transfer and application, and strengthening the role of enterprises as the main drivers of technological innovation, Lou Xiuhua, head of the municipal bureau of science and technology, said at a press conference. Computing power vouchers are a government subsidy tool designed to help small and medium-sized enterprises access more computing resources at lower costs, aiming to promote innovative applications of AI technologies and digital transformation. Hangzhou, the capital of the economic powerhouse province of Zhejiang, has developed itself as an important hub in the internet and tech industries, driving advancements in e-commerce, AI and digital transformation.

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