economy
AI frenzy drives Chinese tech valuations to multiples of US peers
Support from Beijing has helped power 29% gain for Star 50 index this year
TL;DR
- The Star 50 index has gained 29% this year.
- Support from Beijing has contributed to this gain.
- Chinese tech valuations are reaching multiples of their US peers.
- The AI frenzy is a driving force behind the increased valuations.