BREAKING
Zhipu Raises $4B in Hong Kong
0
B
Zhipu raise (USD)
0
B
total AI wave
0
M
shares sold
0
HK$
price per share
0
%
discount
0
%
dilution
Over 6x January IPO Size
Jan IPO
560
Jul raise
4010
Fuel for the AI Race
Where it goes
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R&D and compute
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M&A and expansion
●
GLM model development
The backdrop
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US-China AI rivalry
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Shares jumped up to 22%
●
Local bookrunners led
A Chinese Challenger Scales Up
AI NEWS BLITZ
Chinese AI firm Zhipu just raised about four billion dollars in a rapid Hong Kong share sale.