China tech IPOs set for strongest year since 2023 amid AI push

China's onshore technology IPO market is headed for its strongest year since 2023 as Beijing accelerates listings of chipmakers and AI firms to strengthen technological self-reliance amid competition with the US. Tech companies have raised $3.1 billion through IPOs so far this year. Nearly 50 firms are seeking listings, targeting at least $18.7 billion in fundraising.