Gaorong Zhang Zhen on China's Tech Push

The transcript discusses the shift in investment towards technology companies in China due to structural adjustments in the economy. It highlights the impact of this investment on startups, particularly in the AI sector, where a potential market correction is anticipated. The discussion also covers the trend of companies delaying IPOs to avoid disclosure obligations, opting for private placements instead. This trend is observed in both China and the US, with ample VC and PE funds providing a favorable environment for unicorns.

What implications does the structural adjustment of the Chinese economy have for traditional industries?

In what ways do venture capitalists perceive the current state of AI companies in China?