China’s Zhipu AI launches $560 million share sale as tech race for Hong Kong IPO heats up
Chinese artificial intelligence company Zhipu AI launched a share sale on Tuesday to raise HK$4.35 billion (US$560 million), moving closer to becoming the first major language model (LLM) developer to list in Hong Kong amid a flurry of technology initial public offerings (IPOs). The new company, officially known as Knowledge Atlas Technology and traded overseas…