# Hangzhou Investment Promotion Bureau: Meet Hangzhou's New Eight Steeds that will define the next decade

- Link: https://www.thailand-business-news.com/pr-news/hangzhou-investment-promotion-bureau-meet-hangzhous-new-eight-steeds-that-will-define-the-next-decade
- Published: 2026-06-02T20:51:00+07:00
- Author: PR Newswire

HANGZHOU, China, June 2, 2026 /PRNewswire/ — You’ve probably heard the story of 
Hangzhou’s "Six Little Dragons." But what about the city’s "New Eight Steeds"?

In May 2026, the "Fortunate Meeting Hangzhou • Dialogue with the Future" Investment
Promotion Conference and High-Quality Development Conference on Innovation & Entrepreneurship
Investment was held in Hangzhou. During a roundtable dialogue, eight cutting-edge
tech startups gathered to discuss the monumental technological shifts expected over
the next ten years. Dubbed the "New Eight Steeds" by local media, these companies
are becoming a key window into the city’s hard-tech evolution.

If the earlier "Six Little Dragons" seized the first wave of AI development and 
established Hangzhou’s confidence in tech innovation, the "New Eight Steeds" aim
higher. They focus on frontier tracks such as smart glasses, chip manufacturing,
space-based computing, embodied AI, and biomanufacturing – positioning themselves
to lead the future.

Each of these eight enterprises excels in its niche, breaking through multiple critical
technical bottlenecks. Among them:

Hangzhou Lingban Technology blends AI with AR to pioneer the next platform revolution
after personal and mobile computing.

Star.Vision bridges aerospace and AI, enabling satellites to "learn" and think for
themselves.

Hangzhou Jinglianwen Technology strengthens the data foundation of AI, training "
AI that gets work done."

Xynova tackles dexterous robotic hands, solving the "last centimeter" challenge 
in manipulation.

Sunrise is ushering in an era of "one million tokens for a cent" for AI reasoning.

Nanocorechip builds a domestic, self-controllable computing power foundation.

BIBO focuses on intelligent chassis systems for automobiles.

Bota Biosciences redefines biomanufacturing with physical AI.

Unlike the "Six Little Dragons," which leaned toward internet applications, the "
New Eight Steeds" dive deep into industrial foundations: chips, algorithms, data,
biological code, and space infrastructure. Their tracks are more vertical, fundamental,
and hard-tech – a clear sign that Hangzhou’s tech development is leaping from "soft
applications" to a "hard-core base."

Behind this shift lies patient long-term capital, deep industry ecosystem integration,
and a government committed to "companionship without intervention." Capital’s enthusiasm
is particularly telling: local state-owned funds are heavily supporting the scene,
industrial capital from Beijing, Shanghai, and Shenzhen is placing big bets, and
top-tier external investors like Xiaomi, Lenovo, and ByteDance are rushing to get
in.

Looking ahead to the next decade, these "New Eight Steeds" – as representatives 
of a new tech generation – will help Hangzhou move from a surface-level, trend-chasing
success story to a deeply rooted, internally driven innovation powerhouse. They 
will seize the high ground in future industrial competition through technological
breakthroughs, propelling the entire industrial system to new heights.

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  |  This article was produced by Cision PR Newswire, our trusted news partner. The views expressed and the content presented here are solely those of the author and may not fully reflect the opinions of Thailand Business News. |

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