Hangzhou Mayor: The "Four Little Dragons" are rushing to go public, with most achieving triple-digit revenue growth last year

According to 1M AI News monitoring, Yao Gaoyuan, a National People’s Congress delegate and Mayor of Hangzhou, revealed at the Zhejiang Provincial Delegation Open Group Meeting today that four of Hangzhou’s “Six Little Dragons” companies are rushing to go public, with most companies maintaining triple-digit revenue or output growth last year.

The “Six Little Dragons” refer to AI large model companies DeepSeek, robotics company Yushu Technology, Yunshenchu Technology, game developer Game Science, brain-computer interface company QiangNao Technology, and the spatial intelligence platform QuNuclear Technology (the parent company of Kuailejiale).

Previously disclosed information shows that the four companies rushing to go public are: QuNuclear Technology, which submitted its third listing application to the Hong Kong Stock Exchange in February this year; Yushu Technology, which has completed listing counseling; Yunshenchu Technology, which launched listing counseling in December last year; and QiangNao Technology, which submitted a confidential Hong Kong IPO application. DeepSeek and Game Science currently have no public plans for capital operations.

Yao Gaoyuan also stated that Hangzhou has established the “Runmiao Fund,” with a maximum investment period of 20 years, to accompany the growth of tech startups long-term, aiming to turn Hangzhou into an incubator for tech “little dragons.”