Zhipu AI raises $140m from Shanghai state funds ahead of IPO

Zhipu AI raises $140m from Shanghai state funds ahead of IPO

The signing ceremony of Shanghai-based Pudong Venture Capital Group and Zhangjiang Group for their strategic investment of 1 billion yuan (nearly $140 million) in Zhipu AI on July 2, 2025. Photo from Zhipu AI

Edited by: Joymitra Rai

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