30 December 2025

Zhipu AI launches a share sale to raise ~$560M in a Hong Kong IPO at a valuation of ~$6.6B, which would make it the first LLM developer listed in Hong Kong (Themis Qi/South China Morning Post)

Themis Qi / South China Morning Post:
Zhipu AI launches a share sale to raise ~$560M in a Hong Kong IPO at a valuation of ~$6.6B, which would make it the first LLM developer listed in Hong Kong  —  The company, marketed overseas as Z.ai, eyes US$6.6 billion valuation with Hong Kong's first large language model listing

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