China Fund Beating 98% of Peers Bets on AI Chain, Healthcare – Bloomberg
By Bloomberg News
A top-performing China Asset Management Co. fund manager says the country’s artificial intelligence stocks are far from bubble territory and is bullish on opportunities across the value chain.
Companies like Tencent Holdings Ltd. and Alibaba Group Holding Ltd. have just started to significantly ramp up their AI investment, whereas their US peers began that several years ago, Leo Fan, director and portfolio manager at ChinaAMC (HK), said in an interview Wednesday.