Nov. 5 at 1:25 PM
$BABA $BIDU CNBC - huge Asia’s private equity funds turn bullish on China, betting on Beijing’s tech-focused economic plan
China will likely be the first to deliver much more on the AI application layers, said Zhang Lei, founder and chairman of Hillhouse Investment.
China-focused private equity titans struck an upbeat tone, betting on Beijing’s new five-year plans to deliver the next phase of growth.
A rebalancing of investment allocation is underway, as global investors look to diversify their over-allocated dollar-denominated assets.