Zhipu

Zhipu (智谱, full name Beijing Zhipu Huazhang Technology) is a Chinese AGI company co-founded by Tang Jie, founded in 2019 as a spin-out of Tsinghua University's technology transfer program . It built the GLM series of large models — Qiming Venture Partners co-led its B1 round in early 2022, nearly a year before ChatGPT ignited the global LLM wave, funding that supported development of its first hundred-billion-parameter GLM model . The company runs a 2B-leaning model built on API calls plus private deployment, and per Qiming's Alex Zhou, it's currently China's highest-revenue LLM company . Its leadership includes CEO Zhang Peng and president Wang Shaolan, with backers spanning Qiming, Legend Capital, Alibaba Cloud, and Meituan's Longzhu .

On January 8, 2026, Zhipu listed on the Hong Kong Stock Exchange under ticker 02513.HK at HK$116.20 per share, an opening market cap of HK$52.8 billion — billing itself as the "world's first publicly listed large-model company" . Elsewhere's own reporting notes the interesting investor-culture fit behind it: Tang Jie and Zhang Peng carry an "academic, grand-ambition" profile, matched by an early cap table with a distinctly establishment flavor — Qiming, Legend Capital, and the Beijing AI Industry Investment Fund . Since listing, it has kept shipping: a DiDi partnership on in-car agents and a joint open-source image model GLM-Image with Huawei, both in January 2026 .