2026-07-29
South China Morning Post
1 related
CXMT's IPO prospectus showed Alibaba had a nearly 5% stake, which is now worth $20B+, a nearly 20x return, based on CXMT's ~$464B closing market cap on July 28
ChangXin Memory Technologies (CXMT) and Zhipu AI have not only seen their share prices skyrocket, but they have also handed a windfall …
2025-12-30
South China Morning Post
4 related
Zhipu AI launches a share sale to raise ~$560M in a Hong Kong IPO at a valuation of ~$6.6B, which would make it the first LLM developer listed in Hong Kong
The company, marketed overseas as Z.ai, eyes US$6.6 billion valuation with Hong Kong's first large language model listing
2024-05-31
Financial Times
2 related
Sources: Saudi Arabia's Prosperity7 participated in a ~$400M round in Zhipu AI at a ~$3B valuation, making it the only foreign investor in Chinese generative AI
Aramco's Prosperity7 takes part in investment round for start-up Zhipu AI — A Saudi Arabian fund has backed China's …
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