Flashpoint: Unveiling the Illusion of China’s AI Venture Boom
Welcome to Flashpoint, Hello China Tech’s premium quick-strike column that delivers the essence of pivotal China tech events. In under 600 words, we cut through the noise to help you understand why these stories matter.
Today, we dissect the myth behind China’s AI funding frenzy:
- The Numbers: As of September 2025, 764 AI companies raised a staggering Rmb83bn.
- The Reality: Just 20 start-ups claimed 30% of all capital, leaving 744 to scramble for a mere Rmb78m each.
- A Distorted Pyramid: What appears to be a thriving landscape is actually a spike, manipulated by state capital.
This concentration signals a profound shift in money, power, and risk dynamics within the tech ecosystem.
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