AI and Robotics Fuel China’s New Wave of Stock-Market Listings

Investor enthusiasm for artificial intelligence, semiconductors and robotics is powering a new wave of public offerings in Hong Kong and Shanghai.

Companies including chipmaker CXMT and robot developer Unitree have attracted strong demand, while fashion retailer Shein is preparing a major Hong Kong debut. Data cited by the Associated Press show that proceeds from listings and secondary offerings in the two markets have exceeded last year’s total.

The boom also carries a warning. Some newly listed shares have retreated sharply after dramatic opening gains, testing whether earnings and sustainable margins can justify technology-sector valuations. The market’s next phase will depend less on excitement and more on durable revenue.

Source: Associated Press.