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Competition heats up among Chinese technology companies

Amid challenging times in the Chinese technology industry, movement has begun. Investor interest has increased after the success of DeepSeek and the Xi Jinping meeting. Following the frenzy surrounding China’s technology startups DeepSeek and the Xi Jinping meeting, a race has begun. It was noted that the announcement of new deals, including chips, cloud technologies, and artificial intelligence applications, has brought a new breath to the technology sector, which has long been going through tough times. The meeting between Xi Jinping and the leaders of the technology world was highlighted to have boosted investor confidence. Experts noted that after the trend initiated by DeepSeek, the number of innovative companies in China with disruptive technologies has started to increase. Investor Andrew Qian mentioned that AI-supported optical startup Rid Vision, brain-computer interface company AI CARE Medical, and robot manufacturer Shanghai Qingbao Engine Robotics are among the new Chinese technology startups seeking financing. Qian, the CEO of New Access Capital, who invested in the three companies, said, “Many people are knocking on the doors of AI companies. Half are discussing collaboration, and the other half are talking about investment.” Venture capital investments in China had been declining since reaching their peak in 2021.

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