China establishes a venture capital fund in Hangzhou with 1 billion yuan; Tianjin opens AI sensor industrial park; Zhejiang plans
- Published
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- 36kr.com
ZTO Express has established a new logistics company, Guangzhou Zhongjing Logistics Co., Ltd., in Guangzhou with a registered capital of 500 million RMB. The company, wholly owned by ZTO Express, will engage in domestic freight transportation, equipment leasing, and computer system services.
OpenAI has announced its entry into the robotics sector, focusing on developing assistive robots. CEO Sam Altman stated the company is looking for engineers to create robots that can aid in building future infrastructure. The initiative, which has evolved from a world simulation research project, aims to integrate hardware and machine learning for practical applications.
Nan Er, Vice President of Zhejiang Chint Electric, has been recognized as a "2026 Zhejiang Youth Technology Entrepreneur" as part of a program to support technology entrepreneurs in the region.
Foxconn and French company Bull will collaborate to manufacture AI and cloud infrastructure, with an initial investment of over 120 million euros. The project will utilize facilities in both France and the Czech Republic.
On June 1, new regulations for online food delivery were implemented, with Taobao Flash collaborating with various local regulatory bodies to label the first batch of "no dine-in" merchants, enhancing compliance among 60,000 restaurants this year.
Muyu Group has partnered with Alibaba Cloud to develop an AI model for the livestock industry, significantly improving the efficiency of health checks for pigs.
In investment news, a new venture capital fund, Guoxin Qianjiang, has been established in Hangzhou with a capital of 1 billion RMB, while Zhi Mi has opened a financing window with a pre-IPO valuation of approximately 70 billion RMB.
In product developments, a new automotive brand resulting from a collaboration between Sairus and ByteDance is set to launch a hybrid vehicle this year, while Sharpa has introduced a humanoid robot equipped with advanced tactile capabilities in partnership with NVIDIA.
Lastly, the Tianjin AI Sensor Industrial Park has officially opened, with ten companies signing contracts, and Shanghai is focusing on advancing core software technologies as part of its development plan. Zhejiang Province is also seeking to implement the "Spark Plan" to accelerate the application of quantum technology products.
Original report
氪星晚报｜中国国新等在杭州成立创业投资基金，出资额10.01亿；天津人工智能传感器产业园正式开园，首批10家企业集中签约；浙江：拟实施“星火计划”培育未来产业行动，加速量子技术产品规模化应用
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