TOP STORIES Cover Story: China’s Tech Sector Catches AI Funding Fever Fueled by the dizzying valuations of U.S. tech giants, a parallel capital frenzy has been ignited in China, pushing artificial intelligence (AI) startups, chipmakers and internet platforms into a blistering rush for funding. FINANCE & ECONOMY Yuan Strengthens Note: The official closing rate at 4:30 p.m. Beijing timeSources: China Foreign Exchange Trade System, CEIC, Caixin Onshore yuan spot closing rate against the U.S. dollar 6.7 6.8 6.9 7.0 7.1 7.2 7.3 7.4 May 22 6.7947 Register to read this article for free. Register