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AI Startup Zhipu Reportedly Hires CICC to Prepare for IPO
Recommend 28 Positive 60 Negative 23 2025/04/15 03:52 GMT
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AI startup, Zhipu, has hired CICC to advance an IPO as soon as this year, according to Bloomberg. The report quoted a filing with the China Securities Regulatory Commission (CSRC) as saying that the startup may formally file for an IPO in October, with the timing of the listing not yet clear. Zhipu, whose investors include BABA-W (09988.HK) and TENCENT (00700.HK), raised RMB1 billion in its latest fundraising round in March 2025, when investors included local government enterprises. Zhipu has been placed on the US Department of Commerce's trade restrictions list.
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