# Z.ai

Zhipu AI large-model services cover chip adaptation, intelligent computing enablement, API calls, and other services

Zhipu AI develops AI knowledge intelligence technology.

Canonical: https://uniquebase.ai/companies/zhipuai
Stable identifier: UB-C1106
Snapshot captured: 2026-10-15T14:23:27.067Z
English updated: 2026-10-15T21:16:42.871Z

## Funding

Listed 17 records.
Latest: ~HK$15.7B (Post-IPO), 2026-09-16.

- 2026-09-18 · 人民币201.4亿元本金；约30.1564亿美元毛额 · Debt · 认购人未披露 · https://www.hkexnews.hk/listedco/listconews/sehk/2026/0918/2026091800400_c.pdf
  > On September 18, 2026, Zhipu (Z.AI) completed a USD-settled zero-coupon convertible bond issuance with RMB 20.14 billion in principal (approximately USD 3.016 billion gross), due 2027, with subscribers undisclosed, as disclosed to HKEX. (translated source brief)
- 2026-09-16 · ~HK$15.7B (≈ $2.01B) · Post-IPO · 不少于6名承配人（独立第三方） · https://www.hkexnews.hk/listedco/listconews/sehk/2026/0918/2026091800400_c.pdf
  > On September 16, 2026, Zhipu (Z.AI) completed an H-share placement of approximately HKD 15.683 billion (gross), placing 21.965 million shares at HKD 714 each, subscribed by no fewer than six independent third-party placees, as disclosed to HKEX. (translated source brief)
- 2026-09-14 · $5B · Equity · https://www.thestandard.com.hk/finance/article/342668/Chinas-ZAI-raises-US5-billion-from-new-share-convertible-bond-sales-filing-shows
  > On 2026/9/14, The Standard reported that Chinese AI company Z.AI raised USD 5 billion through new shares and convertible bonds. Founded by AI researchers, the company will use the funding to expand computing capacity and model research and development. (translated source brief)
- 2026-09-13 · RMB 20.1B (≈ $2.88B) · Debt
  > On 2026-09-13, according to Xiniu Data, Zhipu AI completed debt financing, raising RMB 20.14 billion. The company is a developer of next-generation general-purpose cognitive intelligence models. (translated source brief)
- 2025-07-02 · RMB 1B (≈ $143M) · Strategic · 张江集团, 浦东创投
- 2025-04-17 · RMB 200M (≈ $28.6M) · Strategic · 顺禧基金
- 2025-03-19 · RMB 300M (≈ $42.9M) · Strategic · 成都高新区
- 2025-03-13 · RMB 500M (≈ $71.4M) · Strategic · 华发集团
- 2025-03-03 · RMB 1B (≈ $143M) · Strategic · 上城资本, 杭州城投
- 2025-01-01 · Undisclosed · Strategic · 中关村科学城公司, 大兴国投, 尚融资本
- 2024-11-03 · Undisclosed · Strategic · 云晖资本, 信科资本, 君联资本, 招商局创投, 联想控股, 顺禧基金
- 2024-06-02 · $400M · Strategic · Prosperity7 Ventures
- 2024-01-17 · Undisclosed · Strategic · 光速光合
- 2023-10-16 · Undisclosed · Strategic · 蚂蚁集团
- 2023-09-19 · Hundreds of millions of RMB · Series B · Alibaba, 腾讯
- 2023-07-17 · Undisclosed · Strategic · Meituan
- 2022-09-26 · Hundreds of millions of RMB · Series B · Qiming Venture Capital, 华控基金, 君联资本

## Valuation

Listed 17 records.

- 2026-09-18 · amount unavailable · Debt · 认购人未披露 · https://www.hkexnews.hk/listedco/listconews/sehk/2026/0918/2026091800400_c.pdf
  > On September 18, 2026, Zhipu (Z.AI) completed a USD-settled zero-coupon convertible bond issuance with RMB 20.14 billion in principal (approximately USD 3.016 billion gross), due 2027, with subscribers undisclosed, as disclosed to HKEX. (translated source brief)
- 2026-09-16 · amount unavailable · Post-IPO · 不少于6名承配人（独立第三方） · https://www.hkexnews.hk/listedco/listconews/sehk/2026/0918/2026091800400_c.pdf
  > On September 16, 2026, Zhipu (Z.AI) completed an H-share placement of approximately HKD 15.683 billion (gross), placing 21.965 million shares at HKD 714 each, subscribed by no fewer than six independent third-party placees, as disclosed to HKEX. (translated source brief)
- 2026-09-14 · amount unavailable · Equity · https://www.thestandard.com.hk/finance/article/342668/Chinas-ZAI-raises-US5-billion-from-new-share-convertible-bond-sales-filing-shows
  > On 2026/9/14, The Standard reported that Chinese AI company Z.AI raised USD 5 billion through new shares and convertible bonds. Founded by AI researchers, the company will use the funding to expand computing capacity and model research and development. (translated source brief)
- 2026-09-13 · amount unavailable · Debt
  > On 2026-09-13, according to Xiniu Data, Zhipu AI completed debt financing, raising RMB 20.14 billion. The company is a developer of next-generation general-purpose cognitive intelligence models. (translated source brief)
- 2025-07-02 · amount unavailable · Strategic · 张江集团, 浦东创投
- 2025-04-17 · amount unavailable · Strategic · 顺禧基金
- 2025-03-19 · amount unavailable · Strategic · 成都高新区
- 2025-03-13 · amount unavailable · Strategic · 华发集团
- 2025-03-03 · amount unavailable · Strategic · 上城资本, 杭州城投
- 2025-01-01 · amount unavailable · Strategic · 中关村科学城公司, 大兴国投, 尚融资本
- 2024-11-03 · amount unavailable · Strategic · 云晖资本, 信科资本, 君联资本, 招商局创投, 联想控股, 顺禧基金
- 2024-06-02 · amount unavailable · Strategic · Prosperity7 Ventures
- 2024-01-17 · amount unavailable · Strategic · 光速光合
- 2023-10-16 · amount unavailable · Strategic · 蚂蚁集团
- 2023-09-19 · amount unavailable · Series B · Alibaba, 腾讯
- 2023-07-17 · amount unavailable · Strategic · Meituan
- 2022-09-26 · amount unavailable · Series B · Qiming Venture Capital, 华控基金, 君联资本

## Revenue

Listed 2 records.
Latest: $1B (ARR), 2026-06-17.

- 2026-06-30 · RMB 954M · https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0831/2026083101540_c.pdf
  > On 2026/8/31, an HKEXnews filing reported that Chinese large-model company Z.ai had generated CNY 954 million revenue in the first half of 2026, approximately USD 142.0 million, up 399.7% year over year. (translated source brief)
- 2026-06-17 · $1B (ARR) · https://www.bloomberg.com/news/articles/2026-07-17/z-ai-set-to-be-first-china-ai-firm-with-1-billion-annual-sales
  > On 2026/6/17, Bloomberg reported that Z.AI disclosed annual recurring revenue (ARR) of USD 1 billion in the AI Core sector. (translated source brief)

## Team

- [Liu Debing](/people/UB-P2307)
- [Tang Jie](/people/tang-jie)
- [Wu Weijie](/people/UB-P2490)
- [Zhang Peng](/people/zhang-peng)

## Products

- [AutoGLM](/products/autoglm)
- [BigModel](/products/bigmodel)
- [Xiezuowa](/products/xiezuowa)
- [Z Chat](/products/zchat)
- [Z.ai](/products/z-ai)
- [Z.ai](/products/zai)
- [ZCode](/products/zcode)
- [Zhipu AI](/products/zhipu-ai)

## Investors

- [Alibaba](/institutions/alibaba)
- [Meituan](/institutions/meituan)
- [Prosperity7 Ventures](/institutions/prosperity7-ventures)
- [Qiming Venture Capital](/institutions/qiming-venture-capital)
- [上城资本](/institutions/shangcheng-capital)
- [中关村科学城公司](/institutions/zhongguancunkexuechenggongsi)
- [云晖资本](/institutions/yunhui-capital)
- [信科资本](/institutions/xinke-capital)
- [光速光合](/institutions/guangsuguanghe)
- [华发集团](/institutions/huafa-group)
- [华控基金](/institutions/huakong-fund)
- [君联资本](/institutions/junlian-capital)
- [大兴国投](/institutions/daxingguotou)
- [尚融资本](/institutions/shangrong-capital)
- [张江集团](/institutions/zhangjiang-group)
- [成都高新区](/institutions/chengdu-gaoxinqu)
- [招商局创投](/institutions/zhaoshangju-venture-capital)
- [杭州城投](/institutions/hangzhou-chengtou)
- [浦东创投](/institutions/pudong-venture-capital)
- [联想控股](/institutions/lianxiang-holdings)
- [腾讯](/institutions/tengxun)
- [蚂蚁集团](/institutions/mayi-group)
- [顺禧基金](/institutions/shunxi-fund)

## Sources

- No source links are available for this profile.