Zhejiang Establishes First AI + Cultural Tourism Industry Fund

In October 2026, the Zhejiang Cultural Technology Innovation Fund was officially established, with a total scale of 1 billion yuan, jointly funded by the Zhejiang Provincial Cultural Investment Group and the Hangzhou Gongshu State-owned Investment Group. It is Zhejiang's first industry fund focused on the AI + cultural tourism direction, and has currently reserved 26 proposed investment projects. Related reports state that the fund was officially established on October 10. The same report also mentioned that during the 7-day National Day holiday, nationwide domestic trips totaled 826 million person-times, and total domestic tourism spending was 738.375 billion yuan, up 6.3% and 4.3% year-on-year respectively on a comparable basis in average daily terms versus 2025, and the country received a total of 2.983 million inbound tourist person-times.