China is expediting IPO approvals amid its AI rivalry with the US, recently approving listings for chip designers MetaX and Moore Threads in just three months (The Information)
PositiveArtificial Intelligence

China is speeding up its IPO approvals, particularly for tech companies, as it seeks to strengthen its position in the AI race against the US. Recently, the country approved listings for chip designers MetaX and Moore Threads in just three months, showcasing its commitment to fostering innovation and competition in the tech sector. This move is significant as it highlights China's strategic focus on advancing its technology landscape, which could have far-reaching implications for the global tech industry.
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