Zhipu AI’s Stock Falls After Chinese Startup Reveals Secondary Listing Plan to Raise USD2.2 Billion
Summary
Zhipu AI said it plans a secondary listing in Shanghai to raise about CNY15 billion, and the market reacted with a share price drop. The company wants to list 2% to 8% of its equity on the Star Market only months after its Hong Kong IPO. It plans to use most of the new capital to develop general-purpose large language models and build a Model-as-a-Service platform. The article also notes that rival MiniMax made a similar move, highlighting broader funding activity among Chinese AI startups.
Funding
Amount
$625.2M
Total raised
Date
January 8, 2026
Announcement date
Investors
-
Lead investors
Company
z.ai
Funded company
Classifications
industries
No industries detected
applications
AI & Machine learning
AskAI Classifications
Labels
Artificial Intelligence Software
Developer Tools
SaaS
