Zhipu AI, other Chinese tech firms rise in Hong Kong debut as race with US heats up

SINGAPORE, Jan 8 (Reuters) - 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. in high-tech and setting the tone for what could be yet ​another busy year for new listings in Hong Kong. All of the debutants traded above their offer prices. Artificial intelligence ‌company Zhipu AI, also known as Knowledge Atlas Technology, opened 3.3% higher than its offer price of HK$116.20 apiece and traded around HK$126.0 ...