(FILES) Company executives from Chinese ventures such as artificial intelligence startup Zhipu AI, semiconductor firm Iluvatar CoreX and surgical robot manufacturer Edge Medical attend the initial public offering (IPO) launch at the Hong Kong Stock Exchange (HKEX) on January 8, 2026. Before DeepSeek shook up the tech world and put Chinese AI on the map, Wu Chenglin's own startup DeepWisdom had nearly folded three times -- but in the past year it has raised $30 million. (Photo by Tommy WANG / AFP via Getty Images)