By PR Newswire
Publication Date: 2026-01-08 08:47:00
SHANGHAI, January 8, 2026 /PRNewswire/ — Qiming Venture Partners’ portfolio company Z.ai (formerly known as Zhipu AI), a pioneer and leader in artificial general intelligence (AGI) in China, was successfully listed on the Hong Kong Stock Exchange on January 8, 2026, Beijing time, becoming the world’s first listed large language model company.
Z.ai (02513.HK) issued shares at HK$116.20 per share and opened at HK$120.00 per share with a market capitalization of HK$52.83 billion.
Qiming Venture Partners co-led Z.ai’s Series B1 financing round in early 2022, almost a year before ChatGPT was released and triggered the global wave of large models. This funding was instrumental in helping Z.ai overcome R&D challenges and complete its first 100 billion parameter large-scale model, GLM. Qiming continued to support the company in its subsequent B2 and B4 financing rounds. Pursuant to Chapter 18C of the Hong Kong Stock Exchange, Qiming is considered an experienced independent provider of Z.ai…
