Zhejiang Data Group Established with a Registered Capital of 2 Billion Yuan

Zhejiang Data Group Co., Ltd. was inaugurated in Hangzhou, becoming a provincial-level platform for the development and utilization of data resources and the advancement of the artificial intelligence industry. The group is wholly owned by Hangzhou Iron and Steel Group, with an initial registered capital of 2 billion yuan. It is responsible for the authorized operation of public data across the province and the construction of a provincial data hub, assisting in the promotion of the province's "Unified Computing Power Network" to achieve unified construction, scheduling, and operation of computing power.

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