Search results for Hangzhou
Industry
Korea Post strengthens cooperation with major countries to revive EMS volumes
Korea’s Postal Service said it will strengthen cooperation with postal operators in major countries to help restore international express mail (EMS) volumes and improve service quality. It said the head of the Postal Service attended the 2026 Kahala Posts Group CEO meeting in Hangzhou, China, and discussed steps to improve EMS quality and revitalise services. It said EMS dispatch volumes among member countries fell 10.1 percent in 2025 from 2024.
AI & Enterprise
China adds 67 new unicorns in first half as AI, robots dominate
China produced 67 new unicorn companies in the first half of 2026, showing a rapid expansion in its tech startup ecosystem focused on artificial intelligence and robotics. More than 53 percent of new unicorns were in AI and robotics. Hangzhou-based AI startup DeepSeek drew attention after being valued at about 400 billion yuan in its first external fundraising. PitchBook data showed China accounted for 67 of 90 new unicorns globally in the period.
AI & Enterprise
Alibaba Cloud starts first France data centre, builds third Europe hub
Alibaba Cloud has opened its first data centre in France, establishing its third European base after Germany and Britain. The facility, located in Paris, is intended to address rising demand for data sovereignty and local cloud services, the company said. Alibaba Cloud also plans to roll out agentic AI services across Europe in the second half of this year. The move comes as European firms and regulators put greater emphasis on keeping data stored domestically or within the region.
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Industry
China forms semiconductor alliance as Alibaba, CXMT join launch of huge fund
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AI & Enterprise
China\'s DeepSeek nears 11 trillion won funding from Tencent, CATL; valuation seen up to 90 trillion won
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AI & Enterprise
Chinese investors boost bets on AI and semiconductors despite economic slowdown
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AI & Enterprise
DeepSeek cuts V4 Pro prices 75 percent, widening cost gap with U.S. top-tier models
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AI & Enterprise
Alibaba says it has finished early-stage AI investment and enters full commercialisation
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Finance
KB Financial to title sponsor 2026 KB Financial Korea Swimming Championships
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AI & Enterprise
DeepSeek to unveil next-generation multimodal LLM V4 developed on Chinese AI chips
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Games & Commerce
Musinsa Standard to open second Shanghai store next month
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Industry
Orion 2025 sales rise 7.3 percent; Russia revenue tops 300 billion won
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Games & Commerce
Musinsa Standard to build 60 bases in Korea and China this year, targeting 1 trillion won
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Finance
Woori Financial builds K-golf lineup from rising talent to overseas stage
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Industry
Ant Group steps up push to popularise AI robots from lab to field
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Finance
Woori Bank extends main partnership with LCK
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Games & Commerce
Musinsa tops 10 billion won in China sales 100 days after entry
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Industry
Lee to visit Shanghai provisional government building restored by Samsung in 1993