Zhejiang, home to AI upstart DeepSeek and other firms, endeavours to be a world-leading incubator for the bleeding edge of tech.

On December 4, 2024, @Natsume'sCat shared a video from Zhejiang, China, showing their child crawling with their legs up. The caption read, “The news that my son crawls fast has spread to the nearby villages!

Guangdong maintained its position as the Chinese province with the biggest economy for the 36th consecutive year, with GDP of CNY14.1 trillion (USD1.9 trillion), according to the economic data recently released by all 31 of China’s provincial-level regions.

HANGZHOU — Zhejiang, a major manufacturing province in eastern China, plans to cultivate 20 new "Eagle Enterprises", or industry leaders, predominantly from the private sector, in 2025.

China's consumer goods trade-in program remained highly popular at the start of the year, especially during the Spring Festival shopping season. Customers apply for subsidies under the trade-in program for consumer goods in Hangzhou City, east China's Zhejiang Province, Oct. 31, 2024. (Xinhua/Xu Yu)

DeepSeek has delighted the Chinese internet ahead of Lunar New Year, the country's biggest holiday. It's good news for a beleaguered economy and a tech industry that is bracing for further tariffs and the possible sale of TikTok's US business.

The investment case for Zhejiang Huahai, based within the province of Zhejiang, is that it is cheap based on current valuations, has good fundamentals and is a fairly decent business. The company was founded in 1989 and now employs over 9,000 people. It operates more than 40 subsidiaries and units across China, the US and Germany.

The low-profile 40-year-old is winning widespread praise for keeping artificial intelligence costs affordable and giving Western firms and tech entrepreneurs a run for their money.

Chinese startup DeepSeek has released a new open-sourced “low cost” artificial intelligence model R1, rivalling ChatGPT, earning both appreciations and concerns from tech experts in Silicon Valley.

Natsume'sCat shared a video from Zhejiang, China, showing their child crawling with their legs up. The caption read, “The news that my son crawls fast has spread to the nearby villages!”

People enjoy lanterns at Baotuquan Park in Jinan, capital of east China's Shandong Province, Jan. 30, 2025. People enjoy various activities to celebrate the Chinese New Year which falls on Jan. 29 this year. (Xinhua/Xu Suhui)

According to the analysis firm Graphika, Chinese social media accounts linked to the government in Beijing supported the launch of DeepSeek's chatbot, as reported by Reuters on Friday. Among these accounts were profiles belonging to diplomats,