Chinese AI unicorn Zhipu adds Beijing, Shenzhen government funds as shareholders
The latest funding reflects how Chinese AI-related enterprises continue to attract new investment, despite US tech restrictions
On November 1, the Beijing Artificial Intelligence Industry Investment Fund – which previously invested an undisclosed amount in the start-up in March, according to local media reports – injected 465,090 yuan (US$65,288) in fresh capital to gain a 1.49 per cent stake in Zhipu AI, according to records on Chinese corporate database Qichacha.
Zhipu AI on the same day also received investments from funds controlled by the local governments of southern tech hub Shenzhen and central Hubei province, which boosted the firm’s registered capital to about 31.07 million yuan from 27.91 million yuan, Qichacha data showed.
Beijing-based Zhipu AI did not immediately respond to a request for comment on Monday.
