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Seeking cash for AI, China’s Z.ai eyes new US$5b fundraising push after July share sale

Seeking cash for AI, China’s Z.ai eyes new US$5b fundraising push after July share sale
South China Morning Post Sunday 13 September 2026, 13:34 UTC By Wency Chen,Ben Jiang 1 min read
Key Points

Z.ai, the Chinese artificial intelligence model developer listed in Hong Kong, is seeking to raise about HK$15.7 billion (US$2 billion) through a placement of roughly 21.97 million new H shares at HK$714 apiece, according to a company filing on Sunday. The company also announced a 20.14 billion yuan (US$3 billion) convertible-bond sale, according to its filing with the Hong Kong stock exchange. Z.ai, also known as Zhipu AI, closed at HK$793 on Friday, down 73 per cent from its intraday high...

Z.ai, the Chinese artificial intelligence model developer listed in Hong Kong, is seeking to raise about HK$15.7 billion (US$2 billion) through a placement of roughly 21.97 million new H shares at HK$714 apiece, according to a company filing on Sunday. The company also announced a 20.14 billion yuan (US$3 billion) convertible-bond sale, according to its filing with the Hong Kong stock exchange. Z.ai, also known as Zhipu AI, closed at HK$793 on Friday, down 73 per cent from its intraday high of... [Image text:] TOSHIBA ZHIPU-AI
AI (ORG) China (LOCATION) Chinese (ORG) Hong Kong (LOCATION) Zhipu AI (PERSON)
Originally published by South China Morning Post Read original →

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