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China's tech hub Shenzhen will launch 10 billion yuan fund to accelerate AI industry growth; More than 9 billion passenger trips estimated during China's 2025 Spring Festival travel rush.

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The south China tech hub of Shenzhen will launch a 10 billion yuan industry fund to support the development of artificial intelligence (AI) and robotics, focusing on AI software, hardware and embodied intelligence, local authorities said Sunday.

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The fund is part of the city's broader push to strengthen its position as a global hub for AI innovation.

City officials revealed the plan at a press conference, announcing an additional 4.5 billion yuan in funding to be raised this year. This funding will cover up to 60 percent of computing power costs for businesses, with a maximum of 10 million yuan per enterprise, provided through vouchers and subsidies.

According to Lin Yi, head of the city's AI industry department, Shenzhen plans to launch a special policy for humanoid robots, designed to promote breakthroughs in key technologies, database and large-scale manufacturing.

The government will support companies through measures such as ranking, which aim to drive collaboration and accelerate technological advancements. A total of 4.5 billion yuan will be allocated to the initiative this year, with company applications set to open in March.

Shenzhen's AI ambitions go beyond financial support. The city plans to expand its AI application base with an additional 100 scenarios set to roll out in 2025, focusing on sectors like municipal sanitation, emergency response and health care. This follows the introduction of nearly 200 AI-powered application scenarios already in place across the city.

Shenzhen aims to create a highly systematic, complete and collaborative innovation ecosystem, accelerate the development of a globally influential industrial and technological innovation center, and build itself into a city of innovation, said Zhang Lin, director of the Shenzhen municipal bureau of science and technology innovation.

Shenzhen, once a small fishing village in Guangdong Province, has transformed into one of China's most dynamic and innovative cities. It is home to more than 2,200 AI companies and boasts a comprehensive AI industry chain that spans from smart chips and algorithm frameworks to large models and software-hardware applications, according to data from the Shenzhen AI industry office.

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Chinese animated blockbuster Ne Zha 2 grossed more than HKD6.57 million upon its debut in Hong Kong and Macao on Saturday, achieving the highest first-day box office revenue for an animated film in the SARs. Over 92,000 people in the two cities showed up on Saturday to watch the movie, which has raked in over 13.7 billion yuan around the world and ranked eighth in terms of global box office revenue. This prompted distributors in the SARs to increase the number of screenings on day one from 500 to more than 800 in 2D and IMAX formats, also a record in the history of Hong Kong's and Macao's film industries.

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发布于：北京市