
The DeepSeek revolution is rippling through China’s tech sector, as hundreds of companies adopt the buzzy AI model in their own products.
The AI—open-source, powerful, and relatively cheap—upended pessimistic narratives about China’s tech sector. Combined with a belief that Beijing is ready to support the private sector, exemplified by a meeting between Xi Jinping and leading tech executives on Monday, investors now think that China’s ready for a new tech rally.