Foreign media: The competition between China and the United States in technology has expanded from laboratories to capital markets, with initial public offerings (IPOs) becoming a key measure of who secures more funding, credibility, and opportunities for scaling up.
In the United States, companies that have attracted significant attention, such as OpenAI, Anthropic, and SpaceX, are expected to go public, with estimated fundraising amounts possibly reaching billions of dollars. In China, as Beijing promotes technological self-reliance, an increasing number of artificial intelligence developers, chip manufacturers, and "hard tech" companies are planning to list on the Hong Kong and mainland Chinese markets.
Analysts point out that due to U.S. investment restrictions and China's self-reliance goals, the capital market has become part of a broader industrial and technological competition. It is expected that technical listing activities this year will set a record.
Original article: toutiao.com/article/1855192638742536/
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