$9 Billion Funding Spree for Zhipu AI Sparks Market Interest
Zhipu AI, the Chinese large language model company trading on the Hong Kong Stock Exchange as Knowledge Atlas Technology (2513.HK), has secured a massive $9 billion in funding just months after its initial public offering. In July 2026, Zhipu completed a $4 billion share placement, followed by another financing round worth approximately $5 billion in September of the same year.
The company's stock surged between 1,500% and 1,700% from its IPO price of HK$116.20 through mid-2026, with Zhipu's market capitalization surpassing HK$1 trillion at one point.
Proceeds from the funding rounds have been directed toward research and development, particularly on computing capacity and its next-generation Generalized Language Model (GLM) infrastructure. The company has also earmarked funds for strategic investments and general corporate purposes.