Z.AI taps Hong Kong for another $5 billion
Z. AI Co. has raised about $5 billion through a Hong Kong share placement and convertible bond sale, returning to the market within days of a 60-day issuance lock-up ending as heavy spending on artificial intelligence models continues to consume cash. The Beijing-based company, formerly known as Zhipu AI, sold 21.97 million new H shares at HK$714 each, raising roughly HK$15.7 billion, or about $2…
We haven't written up this one. Arabian Post has the full story — the link below goes straight to it.
