KUALA LUMPUR, Nov 10 (Bernama) -- Companies from Hangzhou Future Sci-Tech City, a technology zone in China’s Zhejiang province, showcased artificial intelligence (AI) products at the Light of Internet Expo, held alongside the 2026 World Internet Conference Wuzhen Summit from Nov 2 to 5.
Products launched or shown publicly for the first time included Alibaba’s Qwen3.8-Max omni-modal large model, Hangzhou Heiman Technology’s SG100 industrial robotic hand and Moxin Technology’s MoWorld 2.0 advanced 4D world model.
The expo featured more than 670 companies from 54 countries and regions, displaying over 1,000 technology products, more than 20 of them making their global debut, according to a statement.
Combined revenue of qualifying companies in the Sci-Tech City, set up in Hangzhou’s Yuhang District in 2011, has grown more than 60 times from 20.3 billion Chinese yuan at its founding to 1.2 trillion Chinese yuan, averaging more than 30 per cent growth a year. (100 Chinese yuan = RM60.78)
The zone is home to 29 listed companies, including Scantech, founded in 2015 by a group of overseas-educated PhD holders and listed on Shanghai’s STAR Market in January 2025, and Zhiyun Health, which listed in Hong Kong in 2022.
It has also attracted companies such as brain-computer interface developer BrainCo, which set up operations there in 2018, and Rokid.
In the first half of 2026, the Sci-Tech City secured 86 major industrial projects worth a total of 14.456 billion Chinese yuan, while 18 intellectual property securitisation products have raised 1.792 billion Chinese yuan for 189 local technology companies.
Between 2013 and 2025, the zone signed 1,055 projects founded by recruited talent, 716 of which remain in stable operation, giving it a startup success rate of 67.76 per cent, according to its management committee.
-- BERNAMA