On July 30, an artificial intelligence industry matchmaking conference, with a focus on investment funds, was held in Hangzhou. The event was co-hosted by the Jiaxing Municipal Bureau of Commerce, the Jiaxing Changtou Group, and the Jiaxing State-owned Investment Company. Over 30 leading private equity fund institutions from Shanghai, Hangzhou, Suzhou, and other cities sent representatives, alongside officials from the business and financial control departments of Jiaxing's counties and districts. The gathering aimed to discuss how capital can empower the growth of the AI industry.

During the event, Jiaxing highlighted its industrial achievements. The city is the permanent host of the World Internet Conference and the only city in Zhejiang Province selected for the National Integrated Computing Power Network Hub Node. It currently operates 118,000 PFLOPS of computing power, ranking first in the province. The "Light of Wuzhen" is Zhejiang's sole national supercomputing center, while the Pinghu Runze facility is the largest high-performance intelligent computing center in the Yangtze River Delta region. Jiaxing is home to 191 AI companies above the designated size, generating 76.8 billion yuan in revenue in 2025, third in the province and accounting for 11% of Zhejiang's total.

In the data industry sector, Jiaxing is one of Zhejiang's first pilot cities for high-end data annotation bases. The Zhejiang-Tsinghua Flexible Electronics Research Institute has partnered with Zhiyuan Robotics to establish an embodied intelligence data collection and training center. Baidu's AI data industry base in Wuzhen provides data support for intelligent driving, aiding the national "vehicle-road-cloud integration" pilot program. In the smart IoT field, Jiaxing's above-scale industrial output reached 206 billion yuan, third in the province. It hosts leading firms like Luxshare Smart Manufacturing, Rishan Computer, and Thunderbird Optics, and is a key production hub for the Apple Watch. In the embodied intelligence sector, Jiaxing has gathered 30 related companies with a combined output value exceeding 9.6 billion yuan. Leading firms such as Changsheng Bearing and Fulai New Materials are followed by accelerating enterprises like Shuanghuan Transmission and Rongtai Electric, which hold leading market positions in key components like planetary reducers and ball screws.

The rapid industry growth is underpinned by Jiaxing's robust manufacturing foundation and innovation ecosystem. As one of the top 100 advanced manufacturing cities in China and a national pilot for new-type industrial technology transformation, Jiaxing has cultivated 10 future factories, 50 smart factories, and 92 digital workshops, providing extensive application scenarios for AI development. R&D investment has risen to 3.56% of GDP in 2025, third in the province, and the city hosts over 40 high-level innovation platforms, including the Yangtze River Delta Research Institute of Tsinghua, offering strong technical support for AI enterprises.

Capital empowerment was a central theme of the conference. Wu Weiyi, a member of the Party Committee of the Jiaxing Municipal Bureau of Commerce and Deputy Director of the Investment Promotion Center, stated that Jiaxing is building a full-cycle fund matrix covering seed, angel, growth, maturity, and merger stages. The goal is to expand the total scale of state-owned investment fund clusters to over 350 billion yuan by the end of the "15th Five-Year Plan." Jiaxing already hosts one of the country's first fund towns, with 4,117 active funds and a total subscribed capital of 623.6 billion yuan. As a first batch of QFLP pilot cities in Zhejiang, it has established 11 QFLP funds, with over 300 million yuan in actual foreign capital, fostering a pattern of coordinated development among state-owned, financial, foreign, and social capital.

During the free exchange and one-on-one meetings at the event, many institutions expressed high praise for Jiaxing's industrial ecosystem and a willingness to collaborate. Moving forward, the Jiaxing Municipal Bureau of Commerce and the Investment Promotion Center will comprehensively sort out cooperation intentions, deepen the fund-based investment attraction mechanism, and work with state-owned capital funds and venture capital institutions to introduce quality projects, aiming to build Jiaxing into a leading AI industry hub in the Yangtze River Delta.