速递｜智谱IPO计划或移至香港，计划融资近3亿美金

Core Viewpoint - Zhipu AI is considering relocating its IPO plans from mainland China to Hong Kong, potentially raising around $300 million, while it recently secured 1.39 billion yuan ($139 million) from a state-owned venture capital firm [2]. Group 1 - Zhipu AI is collaborating with financial advisors for its IPO preparations, with the possibility of listing in Hong Kong instead of mainland China [2]. - The company is one of the few Chinese startups aiming to compete globally with OpenAI, initially planning to list in mainland China [2]. - Hong Kong's capital market is experiencing a resurgence, with approximately $40 billion raised from IPOs and follow-on offerings in 2025, marking a significant increase from $5.7 billion in the same period last year [2]. Group 2 - Zhipu AI, established in 2019, offers a free AI research assistant called AutoGLM and has open-sourced the GLM series of large models [4]. - MiniMax, recognized as one of China's "AI Four Little Dragons," is also planning to go public as early as this year [3].