Quartz·1 min read·medium
China is using its own stock market to fund its race for AI chip dominance
✦AI Summary
Chinese technology firms have raised $217 billion through public markets to fuel their AI chip development. Despite this massive influx of capital, the report notes that China still lags significantly behind U.S. competitors in the sector.
Chinese tech firms raised $217 billion through IPOs and bond sales over two years, but still trail U.S. peers by more than 6-to-1
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