National People's Congress Deputy and Hangzhou Mayor Yao Gaoyuan: Four of Hangzhou's "Six Little Dragons" are already rushing to go public, creating a technology "little dragon" incubation hub

2026-04-11 06:20:33

National People’s Congress delegate and Hangzhou Mayor Yao Gaoyuan revealed at the Zhejiang Province delegation open group meeting on March 6 that currently four of the “Six Little Dragons” companies in Hangzhou are racing towards an IPO, with most of the companies maintaining triple-digit growth in revenue or output last year. Hangzhou has established the “Runmiao Fund,” with the longest investment period of 20 years, to accompany the growth of tech startups over the long term. “We aim to create a series of combined efforts to turn Hangzhou into an incubator for tech ‘little dragons’.” (Securities Times)

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