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Unique operating mechanism of Zhejiang Lab attracts private investment for space computing development

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Unique operating mechanism of Zhejiang Lab attracts private investment for space computing development

2026-08-05 21:30 Last Updated At:21:37

The unique operating mechanism of Zhejiang Lab, characterized by extensive consultation, joint contribution, and shared benefits, has successfully attracted private investment to fuel its space computing development, according to Wang Jian, director of the lab.

Zhejiang Lab is a research institution in the space computing domain based in Hangzhou, east China's Zhejiang Province. It focuses on frontier technology and represents a formidable force.

The 2026 World Artificial Intelligence Conference has just concluded late July in Shanghai, with space computing power emerging as one of the hottest topics. How can artificial intelligence be sent from the ground into space?

Wang, also an academician of the Chinese Academy of Engineering, has proposed the "Three-Body Computing Constellation" project, with the goal of deploying 1,000 general-purpose computing satellites by 2032, making AI accessible to every corner of the globe as ubiquitously as water and electricity.

On May 14, 2025, the first batch of 12 computing satellites of the "Three-Body Computing Constellation" successfully entered orbit. However, back in 2023 when Wang first proposed the concept of a computing constellation, no one in the international community had publicly raised such an idea.

The computing constellation was named "Three-Body." Wang explained that it was not a reference to writer Liu Cixin's sci-fi novel, but rather to Newton's "three-body problem", where the addition of a third celestial body makes precise calculation impossible. From its very inception, the project was destined to be something no single person could accomplish alone.

Zhejiang Lab is supported by Zhejiang Province, yet launching over 1,000 satellites would require at least 20 to 30 billion yuan (around 2.9 to 4.4 billion US dollars). Instead of seeking government financial support, Wang chose to pioneer a unique "extensive consultation, joint contribution, shared benefits, and common development" model at the lab, binding together a group of private enterprises in what appeared to be a relatively "loose" partnership.

"In the [space] industry, the biggest fear is that everyone becomes too loosely organized. That is why the command structure is very strict, isn't it? If you talk nonsense, no one will follow you. That's why we emphasize extensive consultation, joint contribution, and shared benefits. I would say consultation is the most important. People often want to skip consultation and jump straight to contribution and sharing, some even want to skip everything and go directly to sharing. Without proper consultation, there should be no contribution; without proper contribution, there should be no talk of sharing. You know it's difficult, but if you're willing to go all in, there's still a chance to make it happen. But if you're hesitant, if you're opportunistic, thinking you'll jump in only if it seems feasible and profitable, then no one will follow you," said Wang.

Unique operating mechanism of Zhejiang Lab attracts private investment for space computing development

Unique operating mechanism of Zhejiang Lab attracts private investment for space computing development

Offshore duty-free sales in south China's Hainan Province totaled 21.6 billion yuan (about 3.20 billion U.S. dollars) in the first seven months of this year, registering year-on-year growth of 17.9 percent.

During the period, a total of 3.111 million shoppers purchased 17.653 million items duty free, up 11.9 percent and 6.9 percent year on year, respectively.

In June 2020, China unveiled a master plan to build the whole of Hainan Island into a globally influential and high-level free trade port by the middle of the century. The initiative reached a major milestone in December 2025 with the launch of island-wide special customs operations, which marked the completion of the first key step toward that goal.

The move has turned the island into a special customs supervision zone, allowing freer trade between Hainan and areas outside China's customs borders, while enforcing standard customs controls for goods moving from Hainan to the mainland.

Hainan's offshore duty-free sales exceed 21 bln yuan in Jan-July

Hainan's offshore duty-free sales exceed 21 bln yuan in Jan-July

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