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Why China's Hangzhou has become a hotbed for billion-dollar tech startups

Summary by CNBC
A city once known mainly for Alibaba is now shaping China’s next wave of challengers – from AI and robotics to gaming, spatial computing and neurotech – collectively known as the Six Little Dragons. But is this enough to turn Hangzhou into China’s next tech powerhouse?

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Why China's Hangzhou has become a hotbed for billion-dollar tech startups

A city once known mainly for Alibaba is now shaping China’s next wave of challengers – from AI and robotics to gaming, spatial computing and neurotech – collectively known as the Six Little Dragons. But is this enough to turn Hangzhou into China’s next tech powerhouse?

·United States
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CNBC broke the news in United States on Friday, December 26, 2025.
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