AI frenzy drives Chinese tech valuations to multiples of US peers

Chinese technology stocks have surged to valuations multiple times those of their US peers, with the Star 50 index gaining 29% this year, driven by an artificial intelligence frenzy and support from Beijing, according to the Financial Times.

AI frenzy drives Chinese tech valuations to multiples of US peers Source: Financial Times Technology https://www.ft.com/technology Support from Beijing has helped power 29% gain for Star 50 index this year Get AI news in your inbox Daily digest of what matters in AI. Get AI news in your inbox Daily digest of what matters in AI.