Zhipu AI (2513.HK) is a publicly traded China AI Labs company founded in 2019 and based in Beijing, China.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Jan 8, 2026 | IPO | $558M | $6.6B | — |
Zhipu AI and MiniMax shares fall after rival Moonshot AI releases an upgraded model.

Anthropic reports cutting extraction of Claude's reasoning tokens by 90 to 99 percent and has banned tens of thousands of accounts tied to distillation.
Zhipu's flagship line of general language models, including bilingual (Chinese/English) and open-weight releases such as the GLM-4 series. The models power both Zhipu's own products and third-party developers via API.
Zhipu's consumer and developer-facing platform (formerly branded ChatGLM / Zhipu Qingyan) that exposes the GLM models for chat, agents and coding workflows.
Zhipu's multimodal generation models for text-to-video and text-to-image, developed alongside the GLM language line.
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