Zhipu AI Raises 1 Billion Yuan

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Zhipu AI Raises 1 Billion Yuan

Zhipu AI Raises 1 Billion Yuan - Also in today’s rundown: Mixue’s stock surges in debut day trading in Hong Kong, China’s average temperature hit a record high in 2024

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Chinese artificial intelligence startup Zhipu AI has secured new funding of over 1 billion yuan ($137.22 million), a few months after securing an investment 3 times larger…

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The startup has just completed its 16th round table since its creation.

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Alibaba And Tencent-Backed Zhipu Raises $140 Million For AI Expansion

Chinese artificial intelligence (AI) startup Zhipu has secured over 1 billion yuan ($140 million) in a new funding round led by state-backed firms. The round, which attracted investments from Hangzhou Municipal Construction Investment Group Co. and Shangcheng Capital—both controlled by the government of Hangzhou—also included existing backers Alibaba Group Holding Ltd. and Tencent Holdings Ltd. […] The post Alibaba and Tencent-Backed Zhipu Raise…

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Alibaba-backed Zhipu raises 1 billion yuan as DeepSeek heats up AI

CHINESE startup Zhipu raised more than 1 billion yuan (US$140 million) in a financing round led by local government-backed firms, underscoring the growing interest in domestic AI following DeepSeek’s ascent.

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Chinese AI firm Zhipu AI gains fresh ¥1bn investment

March 03, 2025 (MLN): Chinese artificial intelligence startup Zhipu AI has raised more than ¥1 billion ($137.22 million) in fresh funding, months after securing a ¥3bn investment. The funding round comes amid intensifying competition in China's AI sector, particularly after rival DeepSeek's emergence with its large language models that claim to match Western competitors' capabilities at lower costs. State-backed Hangzhou City Investment Group In…