Company

Zhipu AI

智谱AI

Zhipu AI (智谱, 02513.HK) is a Chinese AGI company founded in 2019 as a Tsinghua University technology spinout, co-founded by Professor Tang Jie with Zhang Peng as CEO, and built around its GLM family of large models — per Qiming Venture Partners, it released China's first 10B-parameter model, first open-source 100B model, first dialogue model, first multimodal model, and the world's first device-operating agent . Qiming co-led its B1 round in late 2021/early 2022 — nearly a year before ChatGPT ignited the global LLM wave — funding the development of its first 100B-parameter GLM model, and continued through the B2 and B4 rounds as a "senior independent investor" under Hong Kong's 18C regime . The company commercialized primarily through a 2B path of API calls plus private deployment, which Qiming's Alex Zhou says made it China's highest-revenue large-model company . On January 8, 2026, Zhipu listed on the HKEX main board as the "world's first large-model stock," priced at HK$116.20 per share with a market cap of HK$52.8 billion . Not everything has been smooth — a June 2025 葬AI piece argued Zhipu faced an "existential crisis" as DeepSeek took over its ecological niche — but since listing it has kept shipping, including a strategic partnership with DiDi on AGI for mobility and co-open-sourcing the GLM-Image generation model with Huawei in January 2026 .

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Zhipu AICompany
智谱AI
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