Zhipu AI Makes Hong Kong Debut Following $558 Million IPO as China's First Major Generative AI Public Listing
Published on: Jan. 8, 2026, 7:07 a.m. | Source: scanx.trade
Zhipu AI has successfully debuted on the Hong Kong Stock Exchange following a $558 million IPO, becoming China's first major generative AI startup to go public. The company's shares were oversubscribed by more than 1,159 times among retail investors and rose 35% in gray market trading. Founded in 2019 by Tsinghua University researchers and backed by Alibaba and Tencent, Zhipu reported revenue of ₹2,61,67,20,000 (312.4 million yuan) in 2024 and plans to invest 70% of IPO proceeds in AI model research and development.
