More than 60 percent of Zhejiang's industrial enterprises above the designated size have reached digitalization level 2.0 or higher, as the province expands its digital economy ahead of the 2026 World Internet Conference Wuzhen Summit.

Zhejiang's digital economy recorded double-digit growth in value added for 12 consecutive years from 2014. Its value added exceeded 5 trillion yuan ($745.1 billion) in 2025, accounting for about 55 percent of provincial GDP.

In the first three quarters of 2026, value added by core digital economy industries surpassed 1 trillion yuan, up 12.1 percent year-on-year and accounting for 14.6 percent of GDP.

By 2025, Zhejiang had developed two trillion-yuan digital industry clusters in intelligent Internet of Things and high-end software, alongside several hundred-billion-yuan clusters, including artificial intelligence and integrated circuits.

Revenue from enterprises above the designated size in core AI industries reached 582.87 billion yuan in the first eight months of 2026, up 26.9 percent. The number of core AI companies rose to 2,112.

All 11 prefecture-level cities have become gigabit cities, while intelligent computing capacity stands at about 187 EFLOPS.

By 2030, Zhejiang aims to raise the digital economy's share of GDP to 60 percent, annual revenue from enterprises above the designated size in core AI industries to 1.2 trillion yuan, and intelligent computing capacity to 450 EFLOPS.