Alibaba and DeepSeek’s home province aims to become AI hub through big spending

May 20, 2025

The provincial government of Zhejiang, home to Alibaba Group Holding and DeepSeek, has released a comprehensive policy package to accelerate artificial intelligence (AI) research, industrial growth and talent acquisition, in an effort to turn the region into a “global AI innovation development highland”. Under the plan, major companies in the AI supply chain – including those responsible for large language models, cloud computing and semiconductors – are expected to generate combined operating...

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