Zhipu raised $5 billion through zero-coupon convertible bonds with a conversion premium, primarily to fund computing infrastructure and the development of next-generation models.

Zhipu announced the completion of approximately US$5 billion (RMB 33.5 billion) in financing, comprising a roughly US$2 billion share placement at HK$714 per share—a discount of about 9.96%—and a roughly US$3 billion zero‑coupon convertible bond with an initial conversion price of HK$892.50, representing a premium of approximately 12.55%. This follows just two months after its July share placement, which raised about US$4 billion, with proceeds primarily earmarked for next‑generation GLM model R&D and computing infrastructure.

wallstreetcnSep 14 09:21

Zhitong HK Stock Connect Active Trading | September 14

Stock Connect Active Trades | September 14, 2026Zhitong Finance APP learned that on September 14, 2026, Zhipu (02513), Yangtze Optical Fibre and Cable (06869), and Jiantao Laminate Board (01888)

Zhitong FinanceSep 14 19:00

Dow Jones Top Company Headlines at 7 AM ET: Chip Stocks Tumble After AI Leaders Call For Slowdown in AI Development | Airbnb ...

Chip Stocks Tumble After AI Leaders Call For Slowdown in AI Development European chip stocks followed Asian peers lower, after leaders of the world's biggest AI companies called for the industry to

Dow JonesSep 14 19:00

Net inflows into Hong Kong stocks via Stock Connect reached HK$1.201 billion.

Southbound capital saw net inflows into Zhipu (02513.HK), Yangtze Optical Fibre (06869.HK), and Tencent (00700.HK), totaling HK$1.201 billion, HK$383 million, and HK$43.4 million, respectively.

AASTOCKSSep 14 18:25

Southbound Capital Tracker | Net Buy Exceeds HK$4.4 Billion; Zhipu Bought Amid Continuous Outflows from SMIC

① Southbound funds recorded approximately HK$72.5 billion in trading volume today— which individual stocks are continuing to attract inflows? ② Funds have poured into Zhipu, totaling about HK$1.2

cls.cnSep 14 18:02

Southbound Capital Trends | Southbound Net Purchases Reach HKD 4.471 Billion; Investors Add to AI Hardware Stocks on Dips, Accumulating Over HKD 1.2 Billion in Zhipu (02513) Throughout the Day

On September 14, in the Hong Kong stock market, southbound capital recorded net purchases of HK$4.471 billion. Specifically, Stock Connect (Shanghai) saw net purchases of HK$1.671 billion, while

Zhitong FinanceSep 14 17:46