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Private Capital Markets

<ul>
<li>Zhipu AI, a leading Chinese generative artificial intelligence (AI) start-up, has raised 500 million yuan ($69 million) in new funding less than a month after securing 1 billion yuan ($138 million) in its previous round.</li>
<li>On Thursday, Huafa Group, a conglomerate backed by the Zhuhai city government in Guangdong province, announced its investment in Zhipu AI, to drive technical innovation and business development for Zhipu’s foundation model, GLM.</li>
<li>The same day, Huafa and the Zhuhai National High-Tech Industrial Development Zone signed a cooperation agreement with Zhipu to speed up the industrial application of its AI models.</li>
</ul>


Zhipu AI, a leading Chinese generative artificial intelligence (AI) start-up, has raised 500 million yuan ($69 million) in new funding less than a month after securing 1 billion yuan ($138 million) in its previous round.
On Thursday, Huafa Group, a conglomerate backed by the Zhuhai city government in Guangdong province, announced its investment in Zhipu AI, to drive technical innovation and business development for Zhipu’s foundation model, GLM.
The same day, Huafa and the Zhuhai National High-Tech Industrial Development Zone signed a cooperation agreement with Zhipu to speed up the industrial application of its AI models.


Chinese Startup Zhipu AI Raises $207 Million Funding in Less Than a Month 

Cross Asset Strategy

<ul><li>Xiaomi /In Depth: Fatal crash sours Xiaomi’s EV success</li><li>Wearables /: Chinese wearable tech firms explore overseas production as U.S. tariffs soar</li><li>Tariff bullying: Senior Communist Party official Xia Baolong got fired up during a national security speech in Hong Kong on Tuesday, condemning the U.S.’ 145% tariff on imports from the free port city as “outrageous bullying and utterly shameless.</li></ul>

Xiaomi /In Depth: Fatal crash sours Xiaomi’s EV successWearables /: Chinese wearable tech firms explore overseas production as U.S. tariffs soarTariff bullying: Senior Communist Party official Xia Baolong got fired up during a national security speech in Hong Kong on Tuesday, condemning the U.S.’ 145% tariff on imports from the free port city as “outrageous bullying and utterly shameless.

CX Daily: Fatal Crash Sours Xiaomi’s EV Success 

China

Zhipu AI, formally known as Beijing Zhipu Huazhang Technology, is a Chinese technology company specializing in artificial intelligence.

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Zhipu AI (ZHIPU12 CN)

Chinese Startup Zhipu AI Raises $207 Million Funding in Less Than a Month

Zhipu AI, a leading Chinese generative artificial intelligence (AI) start-up, has raised 500 million yuan ($69 million) in new funding less than a...

Caixin Global

CX Daily: Fatal Crash Sours Xiaomi’s EV Success

President Xi Jinping’s state visit to Vietnam. Chinese wearable tech firms explore overseas production. If you haven’t already, click here to sign...

Caixin Global

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