Shenzhen, long the heart of China’s tech industry, may have a new rival as Hangzhou’s companies take centre stage. Will they compete or collaborate?

Discover how Hangzhou is transforming into China's premier tech innovation hub, driving cutting-edge advancements and attracting global talent.

Are you willing to let your data pay the price of using this powerful and free AI model? Here's what you need to know before paying

Ferrari’s chief executive Benedetto Vigna on Feb. 14 visited the headquarters of electric vehicle maker Leapmotor in the eastern Chinese city of Hangzhou

Hangzhou, China-based tech firm DeepSeek released its R1 reasoning model on GitHub and its website. It reportedly did so for less than $6 million using Nvidia’s less-advanced H800 chips, owing to the export restrictions the US put in place on high-performance computing chips to China.

The Intergovernmental Panel on Climate Change, the U.N. body which brings together climate scientists from nearly 200 countries to assess the planet's health, will meet in Hangzhou, China, next week to plan its next global report.

Alibaba stock (BABA) has rallied hard recently. It got a fresh boost ahead of the bell Thursday from a forecast-smashing set of results. Quarterly profit jumped to about $6.7 billion, the Hangzhou, China-based e-commerce company said.

For years, Shenzhen has been synonymous with Chinese innovation. The southern megacity - and the firms it has spawned over the decades - have become the indisputable champions of the country's drive for technological self-reliance,

Aerial footage shows steel parked at a wharf at a steel market in Hangzhou, Zhejiang province, China,3, 2025. Vietnam announced on1 that it will levy anti-dumping duties of 19.38%, 26.94% and 27.83% on Chinese steel products exported to Vietnam.

From Beijing trying to reset relations with Tokyo to Hangzhou rivalling Shenzhen, here’s a round-up from today’s China and economy coverage.

China's southern tech hub of Shenzhen plans to "fully compete" in emerging sectors such as artificial intelligence, announcing 160 billion yuan (US$22.07 billion) in "new-type infrastructure" investment for the year as it called on the city to embrace challenges like a "seabird braving the storm.

Science-based policies and crucial contributions from countries like China were highlighted as key to the global fight against climate change at the 62nd plenary session of the Intergovernmental Panel on Climate Change (IPCC), which opened on Monday in Hangzhou, the capital of Zhejiang province.