# IPO Wealth

The AI Wealth Effect: How China’s Silicon Valley is Minting Millionaires and Defying the Property Slump

Hangzhou's luxury real estate market is booming despite the national downturn, driven by a new wave of wealth from the AI, semiconductor, and robotics sectors. Government-backed industrial funds have successfully fostered a tech ecosystem that is minting millionaires through IPOs and equity gains, redirecting capital from the stock market into high-end property.