Chatbot dreams drive frenzied speculative bets in Chinese tech shares

Chatbot dreams drive frenzied speculative bets in Chinese tech shares

FILE PHOTO: A smartphone with a displayed ChatGPT logo is placed on a computer motherboard in this illustration taken February 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Investors are piling into China’s tech, media and telecom shares, with speculative bets on chatbot development crowding out other sectors in a scenario that offers a stark contrast with global caution.