Chinese artificial intelligence startup Zhipu plans to list by October this year, Bloomberg News reported Tuesday, citing documents filed with the Chinese stock market regulator.
The company, backed by Alibaba (HKG:9988) and Tencent (HKG:0700), had earlier rolled out AI services that it said could rival ChatGPT.
Zhipu has reportedly tapped CICC to manage its IPO.
(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.