HK Movers | Chinese AI Firm Knowledge Atlas Jumps on Debut
TigerJan 8, 2026 5:19 AM
Chinese artificial intelligence firm Knowledge Atlas jumped 14.2% on debut in the Hong Kong.
The Beijing-based start-up, marketed overseas as Z.ai, is widely seen as one of China’s “new AI tigers”.
Ahead of the proposed listing, Zhipu had completed eight fundraising rounds, raising a total of 8.36 billion yuan (US$1.19 billion). Its latest valuation was estimated at about 40 billion yuan, based on a late 2025 financing round that roughly doubled its valuation from a year earlier.
Founded in 2019 by professors at Tsinghua University, Zhipu is regarded as one of China’s leading AI start-ups. It filed for a mainland listing earlier this year, but has since shifted its focus to Hong Kong.
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