Hong Kong-listed Zhipu briefly topped HK$880 billion in market value as investors bet on rapid revenue growth and enterprise demand despite mounting losses and fierce competition
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Zhipu is the China’s largest AI model developer by revenue. Its 2025 revenue rose 132% year-on-year to 724 million yuan. Photo: VCG
Shares of Chinese AI company Zhipu surged over 30% in trading, after posting strong revenue growth in its first earnings report…
Shares of China-backed Zhipu made small gains on their Hong Kong debut, following a $558 million initial public offering.
The Shanghai STAR AI Industry Index climbed 1.7% before paring gains.
Shares in Chinese start-up Zhipu jumped as its latest model, seemingly representing a 'generational leap in AI capability', hit…
Foundation model startups, memory-chip makers and established internet giants are accelerating fundraising and IPO plans
The Beijing-based start-up is racing to secure clients in Southeast Asia, the Middle East, and Africa, the ChatGPT maker says.
