BUSINESS

Hangzhou AI Hub Draws Over 1,000 One-Person Company Applications

12/11/2026 12:16 PM

KUALA LUMPUR, Nov 12 (Bernama) -- The Liangzhu SHUQIWAN AI+ Industry Community in Hangzhou has received more than 1,000 applications to set up one-person companies since opening in September 2025, as the city’s Liangzhu New City seeks to attract young talent.

The community focuses on combining artificial intelligence (AI) with the digital cultural industry and is built around a one-person company model. It has attracted more than 400 projects and connected with over 2,800 digital nomads.

The community offers shared desks, startup incubation, technology matchmaking and investor pitch events, with no cubicles or fixed desks. Entrepreneurs can work in its cafe or in quiet pods.

SHUQIWAN presented a booth at the "Internet Light" Expo during the 2026 World Internet Conference Wuzhen Summit, held from Nov 2 to 5 in Zhejiang Province. The expo brought together more than 670 companies from 54 countries and regions.

In March 2026, Liangzhu New City partnered with the China Academy of Art’s School of Innovation and Design and the Hangchuang (AI) Camp to link art and design with AI technology and industry, according to the Hangzhou Liangzhu New City Management Committee in a statement.

Two talent apartment complexes in Yuhang District, Caijing Hefu and Caiying Jingting, provide 1,208 homes for young professionals, with occupancy consistently above 98 per cent. Caijing Hefu was recently named one of Zhejiang’s first youth housing pilot projects.

The Liangzhu Youth Community holds about 40 events a year and has incubated 20 interest-based groups. Its youth night school teaches practical skills such as using AI software and running short-video accounts.

In 2024, Liangzhu was incorporated into Hangzhou’s sub-city development framework, with 26 square kilometres designated as part of the central urban area. Yuhu Park, covering about 46 hectares, drew about 2.43 million visitors in the first half of 2026.

-- BERNAMA


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