Global Market: China's 'future industries' investment boom sparks valuation bubble concerns (opens original article in a new tab)

China's surge in venture capital investments in future industries like AI and space tech has sparked concerns about a potential valuation bubble, driven by government policies and strong investor confidence.

• China's venture capital investments in future industries reached 620 billion yuan in first five months of 2026, up 60% from same period last year
• Startups in sectors like space, quantum computing, and AI attract significant funding despite lacking revenue, driven by government policies and investor confidence
• Concerns arise about potential valuation bubble as startup valuations surge rapidly in areas such as photonic chips and satellite technology
• New listing rules in China ease domestic market access for unprofitable tech startups, encouraging increased fundraising and policy-aligned investment strategies