Venture capital and private equity investments in China totaled $91.6 billion in the first five months of this year, jumping nearly 60 percent from a year earlier, according to ChinaVenture Investment Consulting.

The Shanghai operator is drawing interest from state-backed investors as it races to build its Qianfan megaconstellation and challenge Starlink

China is witnessing a massive surge in venture capital, pouring billions into futuristic sectors like space, quantum computing, and AI. This investment frenzy, driven by Beijing's…