AI & Enterprise
China AI boom a bubble as $2.4 trillion wiped off stock market
China\'s mainland stock market has lost about $2.4 trillion in market value since May as investor scepticism grows over whether the country\'s AI industry can generate real profits, fueling broad selling. AI firms account for a large share of market capitalisation and trading volume in mainland China and Hong Kong. The CSI 300 has fallen into a bear market, while Shanghai\'s STAR 50 has plunged. Valuation concerns, new AI models, policy moves, U.S. regulatory tightening and global market strains have also weighed.
