Chinese AI company Zhipu opened up 3.3% in its Hong Kong trading debut after raising ~$558M in its IPO at a valuation of about $6.55B (Yantoultra Ngui/Reuters) 08-01-2026

Yantoultra Ngui / Reuters:
Chinese AI company Zhipu opened up 3.3% in its Hong Kong trading debut after raising ~$558M in its IPO at a valuation of about $6.55B — Three Chinese technology firms debuted higher on Thursday after raising a combined $1.19 billion, bolstering Beijing’s quest to compete with the U.S …