Chinese artificial intelligence companies are over-valued. As market liquidity conditions continue to tighten, these AI companies are likely to see their valuations drop by 30% to 50%, according to Wayne Shiong, a partner at Chinese venture investment firm China Growth Capital. "We expect companies to lower their valuation expectations for the second half of the year. People start to fear whether they can get funding in the private market now (because of tighter liquidity). Everyone is trying to list in …

China Growth Capital’s Wayne Shiong: Chinese AI Companies May See Valuations Drop By As Much As 50% appeared first on China Money Network.


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