The Tsinghua-backed startup turned to Hong Kong after stalling in Shanghai, raising funds to battle soaring compute costs and open-source rivals
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Zhipu AI opened 3% higher on its first day of trading on the main board of the Hong Kong Stock Exchange on Jan. 8. Photo: Zhipu AI
Shares of China-backed Zhipu made small gains on their Hong Kong debut, following a $558 million initial public offering.
Hong Kong-listed Zhipu briefly topped HK$880 billion in market value as investors bet on rapid revenue growth and enterprise…
The meteoric rise in the Chinese AI company’s share price has been driven by the release of GLM-5.2, as demand for its paid…
Shares of Chinese AI company Zhipu surged over 30% in trading, after posting strong revenue growth in its first earnings report…
The 33% jump follows the firm’s rollout of GLM-5.2 large language model, which came as Washington suddenly ordered the suspension…
New model ranks second globally on Code Arena list for front-end web development tasks, trailing only Anthropic flagship Claude…
