# Jihao

From Brick-and-Mortar Barons to Algorithm Aristocrats: China’s Great Wealth Reshuffle

China is witnessing a historic transition as 'Jihao' (technological titans) replace traditional 'Tuhao' (unrefined tycoons) as the dominant force in wealth creation. Driven by astronomical AI valuations, this shift is concentrating wealth in fewer hands and creating a disconnect between high-tech economic growth and the financial reality of the broader population.