China Fast-Tracks Tech IPOs to Counter US AI Rivalry

The tech rivalry with the U.S. has made China take an unusual step: It is accelerating the pace at which startups go public in hopes of increasing investment in the tech sector.

In recent months, securities regulators in China approved the public listings of two chip designers, MetaX and Moore Threads, in less than three months. Chinese regulators typically take a year to approve the public listing of a company. And they usually prefer candidates for an initial public offering to show sustained profitability, reflecting their emphasis on protecting the small investors that dominate the mainland Chinese stock market. Both of these chip firms are losing money.