Zhipu

Zhipu's shares closed up 33% on June 15 after JPMorgan raised the stock's price target and picked it as a winner against rival MiniMax, whose stock closed up 7%

Zhipu's shares closed up 33% on Monday after JPMorgan raised the stock's price target and picked it as a winner against MiniMax; MiniMax closed up 7%

Shares of Chinese AI model maker Zhipu surged after JPMorgan Chase & Co. raised the stock's price target and picked it as a winner against close rival MiniMax.

Beijing-based AI company Z.ai reports 2025 revenue of ~$105M, below ~$109M est., and net loss up 60% YoY to ~$680M, vs. ~$545M est., amid aggressive spending

Zhipu reported a much faster-than-expected 60% surge in net losses for 2025, underscoring how China's AI upstarts continue …