The club's main investors are the Zhejiang-based Greentown China Holdings Limited company and the Zhejiang Energy Group.

On November 23, 2000, the club bought the playing right for Chinese Football Association Jia League as well as 32 players from first team of Jilin Aodong for 25 million Yuan.

Zhejiang Green Town Football Club Co., Ltd. was officially established on January 14, 1998, with a capital of 16,000,000 Yuan and Zeng Leming was appointed as their general manager.

[4] This would see the club would go through several management changes as well as a significant ownership shift, which saw Song Weiping's company Greentown China Holdings Limited take a 96% share of the team for 20,000,000 Yuan in 2005 while Zhejiang University held on to 4%.

Under Wang Zheng as their head coach the team would start to generally push for promotion, eventually achieving it at the end of the 2006 league season when they came second in the division.

Surprisingly the club were allowed to stay within the 2010 CFA Super League after it was discovered that Chengdu Blades and Guangzhou GPC were guilty of match-fixing.

[6] After gaining a reprieve from relegation the club went on a spending spree by signing several established Chinese internationals such as Du Wei, Li Yan and Wang Song.

[9] Aimed to take the crown in the football competition of 2017 National Games of China, Hangzhou Greentown adopted a risky youngster-first policy which was more radical than ever.

Young trainer Xu Lei filled in manager Hong Myung-bo's shoes and the team finally ranked 9th in the league.

^2 Two CSL clubs were involved in match-fixing scandal and relegated to China League, so Hangzhou Greentown could stay at top level.