By Jacken’s China Knowledge and Information Center
I. Composition and Core Areas of the "Hangzhou’s Six Dragons"
The "Hangzhou Six Dragons" refer to six rapidly emerging technology innovation companies in Hangzhou, spanning cutting-edge fields such as artificial intelligence, robotics, brain-computer interfaces, and gaming development. The companies include:
- DeepSeek (深度求索): Focused on general artificial intelligence (AGI) R&D, its AI models have garnered global attention during the Lunar New Year period.
- Game Science (游戏科学): Developer of the blockbuster 3A game?Black Myth: Wukong, with global sales exceeding 10 million copies.
- Unitree Robotics (宇树科技): Known for quadruped robots, its products performed the "Yangko Dance" at the CCTV Spring Festival Gala.
- BrainCo (强脑科技): Specializes in brain-computer interface technology, advancing medical and consumer-grade applications.
- CloudMinds (云深处科技): Develops intelligent robots for industrial scenarios like power grid inspections.
- Kujiale (群核科技): The world’s largest spatial design platform, recently filed for a Hong Kong IPO and poised to become the "global leader in spatial intelligence."
II. Why Hangzhou Nurtured the "Six Dragons"?
- Policy Support and Funding Hangzhou allocates 15.72% of its industrial policy funds to "new quality productive forces" and has established a trillion-yuan innovation fund cluster (e.g., Sci-Tech Fund, Innovation Fund) to prioritize "early-stage, small-scale, and hard-tech investments."
- Innovation Ecosystem and Talent Pool Leveraging universities like Zhejiang University, Hangzhou built a "university + major facilities + major platforms" innovation ecosystem, ranking among the world’s top 100 tech clusters for three consecutive years. Core teams of the "Six Dragons" often hail from Zhejiang University. For instance, all three co-founders of Kujiale are Zhejiang University alumni, and DeepSeek’s founding team also has roots there.
- Business Environment and Governance The government adheres to a "no unnecessary interference, immediate response to needs" approach, offering efficient and transparent services. Example: When Unitree Robotics required intellectual property protection, Hangzhou provided rapid patent pre-review services and assigned specialists for guidance. Hangzhou ranks first in China’s business environment evaluations for five consecutive years and has the highest net talent inflow rate nationwide.
III. Industry Impact and Recent Developments
- Technological Breakthroughs and Global Recognition DeepSeek: Its AI models are dubbed the "mysterious Eastern force" by foreign media, challenging U.S. tech giants. Unitree Robotics: Leads in humanoid robotics, holding 70% of the global market share. Kujiale: Reported revenue of ￥553 million in Q1-Q3 2024, with gross margin rising to 80.4% and losses narrowing by 52.8% YoY.
- Capital Market Activity Kujiale?submitted its Hong Kong IPO application on February 14, 2025, aiming to raise funds for global expansion and R&D. It may become the first listed company among the "Six Dragons." Other companies like DeepSeek and Unitree Robotics are attracting significant investor interest, with potential IPO plans in the pipeline.
IV. Hangzhou’s Future Strategy and Implications
- Developing New Quality Productive Forces Hangzhou aims to build "three global hubs" (innovation, tech commercialization, and new quality productive forces), targeting 2,000+ new national high-tech enterprises by 2025.
- Regional Competition and Learning Provinces like Guangdong and Guangxi urged learning from Hangzhou’s model, while cities like Hefei and Jinan reflect on gaps in their own innovation ecosystems.
The rise of the "Hangzhou’s Six Dragons" reflects the synergy of policy support, innovation ecosystems, talent aggregation, and efficient governance, marking Hangzhou’s transition from an "e-commerce capital" to a "hard-tech hub." Their success offers a replicable model for other cities, and Kujiale’s IPO may become a milestone in Chinese tech globalization.
