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AI News from ET - Chinese AI, chip firms are driving an onshore IPO rebound

Vishwadeep Khatri
in AI News & Two Lenses

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China's tech IPOs are experiencing their strongest year since 2023, driven by Beijing's push for self-reliance in chip and AI sectors amid US rivalry. Over $3.1 billion has been raised by tech firms this year, with nearly 50 companies seeking listings. This surge offers crucial exit opportunities for investors and signals a robust domestic market, attracting significant investor interest.

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