Shares of China AI 'tiger' Zhipu surge 35% after revenue doubles in first earnings report
Apr 4
1 min read
CNBC — Shares of Chinese artificial intelligence company Knowledge Atlas Technology JSC, better known as Zhipu, surged as much as 35% on Wednesday, after posting strong revenue growth in its first earnings report.
The Beijing-based company later pared gains to end the session 31.94% higher. Listed in Hong Kong in January after raising $558 million in an initial public offering, Zhipu was the first major pure-play AI model company in China, and arguably the world, to go public.
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