BUSINESS● LOWSep 13 · Sep 13, 2026, 1:34 PM
Seeking cash for AI, China’s Z.ai eyes new US$5b fundraising push after July share sale
South China Morning Post · east asia
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...
GlobeAlert aggregates and classifies open sources; the story above belongs to its publisher. Summaries are machine-generated from the source text.
More in Business
BUSINESSnowMunicipal Securities Underwriters Pay a Total of $325,000 in FinesSECBUSINESSnowSEC CHAIRMAN ARTHUR LEVITT, IOWA OFFICIALS TO HOLD INVESTORS’ TOWN MEETING IN DES MOINESSECBUSINESS29m agoEurope markets steady as oil prices ease ahead of U.S. midterm electionsSeeking Alpha TechBUSINESS43m agoFormer manager of major logistics company's subsidiary arrested on suspicion of causing 130 million yen in damages through fictitious billingAsahi Shimbun