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China’s AI frenzy spurs 200% rally for obscure book publisher

Bloomberg
Bloomberg • 2 min read
China’s AI frenzy spurs 200% rally for obscure book publisher
Interest in AI may be reviving after it recently lost some of its steam as authorities sought to tighten rules around the sector. Photo: Bloomberg
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China’s craze for artificial intelligence companies is supercharging the shares of some of the nation’s little-known publishers.

China Publishing & Media Ltd. is the biggest gainer on the Shanghai Composite index this quarter, extending this year’s advance to more than 200%. Three similar firms — China Science Publishing & Media Co., Southern Publishing & Media Co., and Changjiang Publishing & Media Co. — are also among the top 10 best performers on the Shanghai bourse since the start of April.

In Shenzhen, meanwhile, Astro-century Education & Technology Co. is the best performer on the city’s exchange this quarter, with Guomai Culture & Media Co. and Tangel Publishing Co. also in the top five.

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