China’s Zhipu AI launches US$560 million share sale as Hong Kong’s IPO tech race heats up
Chinese artificial intelligence firm Zhipu AI kicked off a share sale on Tuesday to raise HK$4.35 billion (US$560 million), moving closer to becoming the first large language model (LLM) developer listed in Hong Kong amid a surge of technology initial public offerings (IPOs). The start-up, officially known as Knowledge Atlas Technology and marketed overseas as…