Competition Heats Up in Chinese Tech Companies

Amid challenging times in the Chinese technology industry, there has been a surge in activity. The success of DeepSeek and the meeting with Xi Jinping has increased investor interest. A frenzy among Chinese tech ventures has emerged following the DeepSeek craze and the Xi Jinping meeting. It has been noted that new announcements, ranging from chips to cloud technologies and artificial intelligence applications, have breathed new life into the long-struggling technology sector. The meeting between Jinping and tech leaders has highlighted the growing investor confidence. Experts have pointed out that following the trend initiated by DeepSeek, the number of innovative companies in China with disruptive technologies is on the rise. Investor Andrew Qian mentioned that AI-powered optics venture Rid Vision, brain-computer interface company AI CARE Medical, and robot manufacturer Shanghai Qingbao Engine Robotics are among the Chinese technology startups seeking new funding. Qian, the CEO of New Access Capital, who invested in the three companies, stated, “Many people are knocking on the doors of AI companies. Half are discussing collaboration, while the other half are talking about investment.” Venture capital investments in China had been declining since reaching their peak in 2021.