Zhejiang province, home to DeepSeek and other tech companies, is quickly gaining a reputation as a hub for advanced technology.

Provincial officials are pushing to boost innovation in AI and related field, aiming to strengthen China’s global technology standing.

DeepSeek launched its R1 large language model on Jan. 20, designed to compete with OpenAI at lower costs.

The rise of DeepSeek has created competitive pressure, as seen when Nvidia’s stock dropped from US$142 to US$128.99.

Analysts interpret this as a sign of rising competitive pressure from China’s tech industry.

Zhejiang, also home to Alibaba, Unitree, and Game Science, continues to solidify its position as a leader in cutting-edge technology development.