Venture Capital
Zhipu AI Launches IPO: Valuation Exceeds 20 Billion, Becomes First “Big Model Six Tigers” Company to Initiate Listing Process
On the same day, Zhipu AI announced it will open-source its 32B/9B series GLM models and adopt a new domain “z.ai”. Zhipu AI | Strategic Financing | Beijing | Founded June 2019 | AI Knowledge Intelligence Technology Developer | 36Kr Report | Enterprise Services | Gazelle Enterprise | High-Tech Enterprise | Technology-based SME | WISE2024 […]
Tencent’s €1.16B Ubisoft Rescue: The “Rainbow Cloud Hero” Returns
Behind the $9 billion RMB investment in Ubisoft lies Tencent’s grand strategy for global expansion. “My destined lover is a peerless hero who will come marry me riding rainbow clouds.”— A Chinese Odyssey (1995) In today’s gaming industry, this cinematic prophecy finds new meaning as Tencent – the “rainbow cloud hero” who saved Ubisoft from […]