Beijing-based AI model developer Zhipu reportedly kicks off IPO at $20B valuation?
Chinese AI startup Zhipu AI, based in Beijing, has reportedly initiated its IPO process with a valuation of 20 billion yuan, according to a report by the Chinese investment news outlet Touzhong. The news adds to a wave of Chinese AI companies seeking public listings.
Zhipu AI, a Beijing-based large model developer, has reportedly started its initial public offering (IPO) process, according to a news brief from the investment media outlet Touzhong. The report values the company at 20 billion yuan (approximately 2.8 billion USD). Zhipu AI is known for its GLM series of AI models. The company's move to go public aligns with a broader trend of Chinese AI companies pursuing IPOs. The report did not specify which stock exchange or the expected timeline for the listing.
- Abbreviations
- IPO = Initial Public Offering — первичное публичное размещение акций
Source: Zhipu GLM (GNews) —
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