Physix Frontier
Zhipu AI
HK Placement + Convertible BondsUSD 5B
Approximately USD 5B financing: Includes approximately USD 2B equity placement and approximately USD 3B convertible bond issuance, used for next-generation GLM foundation models, fully self-trained systems, and computing infrastructure (completion announced on September 13).
View funding history →- Data cutoff
- 2026-10-03
Company Profile
Zhipu AI is a Tsinghua University spin-off developing GLM and ChatGLM large language models. As one of China's earliest open-source LLM providers, it focuses on foundational model research and application integration for enterprise and developer ecosystems.
- Founded
- 2019
- Headquarters
- Beijing, China
- Website
- zhipuai.cn
- Listing
- HKEX · 02513.HK