The development of global Artificial General Intelligence (AGI) has reached a crucial juncture. On January 8, 2026, Beijing Zhipu Huazhang Technology Co., Ltd., the parent company of Z.ai, officially listed on the Hong Kong Stock Exchange, becoming the world’s first listed company with AGI-based models as its core business, marking a historic step forward for China in the global AI race.
As an innovative enterprise derived from technology transferred from Tsinghua University, Zhipu has always adhered to the vision of “enabling machines to think like humans” since its inception. Its independently developed GLM series models have entered the world’s leading ranks, and the latest generation GLM-4.7 model has laid a solid foundation for its pursuit of AGI. Supported by this technological system, the Z.ai platform, as Zhipu’s core interactive window to users, is transforming top-tier large-scale model capabilities into a productivity tool for everyone.
From corporate philosophy to product form, Zhipu and its Z.ai platform have always grown together with developers and users. The IPO was oversubscribed by more than 1,000 times, with a market capitalization of HK$52.828 billion on its first day. 70% of the funds raised will be used for the research and development of large-scale AGI models, which not only recognizes Zhipu’s technological strength but also affirms its “co-creation” philosophy.
With the improvement of artificial intelligence standards and the industry entering a “regulated and orderly” development stage, Zhipu’s successful listing has injected new vitality into the entire AI industry. At a critical stage in the global development of AGI, Zhipu and Z.ai are joining hands with global developers and users to usher in a new chapter of democratizing intelligent technology.
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