Market Chatter: Zhipu Raises Over 1 Billion Yuan Amid China's AI Boom

MT Newswires Live

Mar 03, 2025

Chinese AI startup Zhipu secured over 1 billion yuan in funding, led by Hangzhou government-backed firms, highlighting rising interest in local AI after DeepSeek's success, the Standard reported on Monday.

The round included Hangzhou Municipal Construction Investment Group and Shangcheng Capital, alongside existing backers Alibaba (HKG:9988) and Tencent (HKG:0700).

Zhipu, last valued at US$3 billion in May 2024, announced its latest funding via WeChat without details. Despite facing U.S. trade restrictions, Zhipu remains focused on AI development, stating, "We will unveil new models this year and open-source them."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Despite facing U.S. trade restrictions, Zhipu remains focused on AI development, stating, \"We will unveil new models this year and open-source them.\"</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1868838027.USD","symbol_name":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2516688124","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516688124","pubTimestamp":1740993241,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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