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01.AI Secures Hundreds of Millions of Yuan Investment from Hangzhou State-Owned Capital and Establishes Headquarters

2 reports2 story updatesUpdated Oct 30 10:40

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On October 28, 2026, 01.AI reached a cooperation agreement with the city of Hangzhou and Hangzhou's Linping District, securing a combined investment of several hundred million yuan from state-owned capital at the municipal and district levels. Its headquarters will be established in Linping District, Hangzhou, where it will also build an industrial AI transformation base. According to reports by Zhidongxi and Phoenix Technology, 01.AI has shifted from large model R&D to the implementation of enterprise industrial AI, has developed its own Wance AI platform, and has launched agent products such as Boss AI, Sales Champion AI, and Investment Officer AI. The two sides plan to implement AI projects in scenarios including business management, production operations, and supply chain collaboration, and the Hangzhou side will provide local industrial scenario resources. No further factual developments have been disclosed at present.

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01.AI Secures Hundreds of Millions of Yuan Investment from Hangzhou State-Owned Capital, Headquarters to Relocate to Linping District, Hangzhou

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  1. 01.AI Secures Hundreds of Millions in Investment from Hangzhou State-Owned Capital and Establishes Headquarters

    Source:Zhidx

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Oct 30

  1. Zhidongxi

    01.AI Secures Hundreds of Millions of Yuan Investment from Hangzhou State-Owned Capital, Headquarters to Relocate to Linping District, Hangzhou

    On October 28, 01.AI reached a cooperation agreement with Hangzhou city and Linping District, securing a combined investment of hundreds of millions of yuan from state-owned capital at the municipal and district levels. Its headquarters will be established in Linping District, Hangzhou, where it will build an industrial AI transformation base. The company has shifted from large model R&D to implementing enterprise industrial AI, developing its own Wance AI platform and launching agent products such as Boss AI, Sales Champion AI, and Investment Officer AI. The two sides plan to implement AI projects in scenarios including business management, production operations, and supply chain collaboration.

  2. Phoenix Technology

    01.AI Secures Hundreds of Millions in Funding, Headquarters to Land in Hangzhou's Linping District

    01.AI has reached a cooperation agreement with Hangzhou City and Linping District, with state-owned capital from the city and district levels jointly investing hundreds of millions of yuan. The headquarters will be located in Linping District, Hangzhou, where an industrial AI transformation base will be built. 01.AI has shifted from large model R&D to enterprise industrial AI implementation, with a product system covering foundation models, enterprise Ontology, and multi-agent applications, and has launched agents such as Boss AI, Top Sales AI, and Investment Officer AI. Hangzhou will provide local industrial scenario resources, and the two sides plan to implement AI projects in scenarios including business management, production operations, and supply chain collaboration.

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