China’s AI Billionaires Rise While Property Market Plays Dead, Richest Drink Water
KEY POINTS
- •Chen Weiliang’s MetaX shares shot up 755% on their debut at Shanghai’s STAR Market, boosting his fortune to $6.5 billion.
- •China’s AI chip sector, helped by U.S. export restrictions, created new billionaires while real estate declined amid a broader economic downturn.
- •Chen Tianshi of Cambricon Technologies leads the pack with $22.5 billion, making him China’s 16th richest person.
In 2025 China's economy is basically a financial soap opera: while the property market crashes harder than your Zoom call Wi-Fi, a new cast of AI chip billionaires are popping off. Chen Weiliang’s MetaX startup launched on the Shanghai STAR Market with shares soaring 755%, making his stake $6.5 billion overnight — beating lottery odds and most marriage proposals. Meanwhile, cofounders Peng Li and Yang Jian snatched hundreds of millions in paper riches, because who needs cash flow when you have stock emojis? Cambricon Technologies' Chen Tianshi, dubbed ‘China’s Nvidia,’ reigns supreme with $22.5 billion. Thanks, US chip export bans, for forcing China to build homegrown GPU rockstars while real estate tycoons drown. Still, if water billionaire Zhong Shanshan sipping Nongfu Spring remains China’s top, the AI caste is buying Silicon Valley-sized dreams on vape break budgets.
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China’s property market is the Titanic, its AI chip billionaires are the icebergs nobody saw coming. Who needs houses when you have GPUs worth billions?
MetaX’s stock rally is like your 10K steps on Apple Watch—looks impressive but might just be a glitch in the matrix.
China banned US AI chips; now its billionaires are homegrown and loaded while real estate quietly goes bankrupt like a bad rom-com sequel.
Source: Businessinsider | Published: 12/18/2025 | Author: Huileng Tan
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