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Private Capital Markets

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<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>
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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 