AI frenzy drives Chinese tech valuations to multiples of US peers

🇨🇳 Financial Times (CN) —

AI Summary

Chinese technology firms are seeing rapid valuation increases driven by AI enthusiasm, with Beijing's support helping the Star 50 index gain 29% this year. Chinese tech valuations now stand at multiples of their US counterparts.

Support from Beijing has helped power 29% gain for Star 50 index this year

Markets AI & Tech China AI technology valuation Star 50 index financial markets Beijing support

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