China’s AI Frenzy Spurs 200% Rally for Obscure Book Publisher
- Four publishers are among top 10 Shanghai gainers this quarter
- Firms are being swept up in frenzy started off by ChatGPT
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.
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China’s AI Frenzy Spurs 200% Rally for Obscure Book Publisher