Chinese VC firms are rushing to raise new funds after three years of record-low fundraising, amid renewed enthusiasm for China's tech, AI, and robotics sectors (Eleanor Olcott/Financial Times)

Eleanor Olcott / Financial Times: Chinese VC firms are rushing to raise new funds after three years of record-low fundraising, amid renewed enthusiasm for China's tech, AI, and robotics sectors — Managers capitalise on investors' desire to ‘hedge’ against US market bets — China's venture capital firms are rushing …

Sources: Princeton Digital Group to sell its Chinese data center assets for as much as $1B, capping global buyout firms' retreat from China's data center market (Financial Times)
Sources: DayOne, the spinoff of China's largest data center operator GDS Holdings, plans dual IPO in Singapore and NY, seeking to raise 5B at a ~20B valuation (Owen Walker/Financial Times)
China's CSI AI Index, which tracks AI supply chain companies, is up 28%+ YTD, while HK's Hang Seng Tech Index, which includes Alibaba and Tencent, is down 8% (William Sandlund/Financial Times)
Memo: White House says it has info indicating 'foreign entities, principally based in China' are engaged in 'industrial scale distillation' of American AI tech (Financial Times)

Source: Techmeme | 2026-08-02

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