China’s 10B Yuan Private Funds Raise Positions to 83.10% Despite AI Stock Selloff

The signal here is behavioral rather than fundamental: these funds added exposure into weakness, which suggests the overseas AI selloff is being read as a valuation reset rather than a thesis break. That stance matters because it shows conviction in AI's growth story surviving a drawdown, and it puts positioning—not narrative—at the center of the story. The open question is whether the two-week build continues if the selloff deepens, or whether the funds' stated comfort with structural, short-term opportunities proves easier to hold than to add to.