Chinese tech companies raced to launch new products in a week that saw Beijing double down on its calls to support artificial intelligence. An obscure Chinese startup that goes by the name Monica on Wednesday announced an invite-only AI application called Manus that claims to streamline analysis of resumes and financial information using several models from companies such as OpenAI, DeepSeek and Anthropic. "The innovation is probably not as significant as DeepSeek,“ in our view, Nomura China technology analyst Bing Duan and a team wrote Thursday.
"However, we believe this product is yet another example of China's accelerated AI innovation." "We believe that the AI infrastructure investment upcycle has started in China's AI value chain, which should benefit from leading suppliers exposed to China's major Internet/Telecom companies' capex on cloud and AI infrastructure," the analysts said. Three of their picks are mainland China-listed printed circuit board companies that have partnerships with China AI tech leaders, according to Nomura: Shennan Circuits, Shengyi Technology and WUS PCB.
The firm also likes Shenzhen-listed Accelink for its position as a leading supplier of optical transceivers which can facilitate the high-speed data transmissions needed to develop AI. Nomura rates all four stocks as buys. Tech's leadership in Chinese stocks As China faces increased tariffs and slowing economic growth, policymakers in the last week announced a rare increase in its deficit — .
