The Zhipu AI emblem is seen displayed on a smartphone display screen.
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Shares of Chinese language synthetic intelligence firm Data Atlas Know-how JSC, higher generally known as Zhipu, surged as a lot as 35% on Wednesday, after posting robust income progress in its first earnings report.
The Beijing-based firm later pared good points to finish the session 31.94% increased. Listed in Hong Kong in January after elevating $558 million in an preliminary public providing, Zhipu was the primary main pure-play AI mannequin firm in China, and arguably the world, to go public.
Zhipu mentioned in its earnings report launched Tuesday that its income rose about 132% to 724 million yuan in 2025 from the earlier yr, although that determine missed the imply analyst estimate of 760 million yuan, polled by Reuters.
The agency reported a web adjusted lack of 3.18 billion yuan, up 29.1% from the earlier yr, as analysis and improvement spending elevated.
Based in 2019 by researchers from Tsinghua College, Zhipu not too long ago launched its newest GLM-5 mannequin, which it mentioned matched U.S. rivals on a number of key efficiency metrics. It has additionally been increasing its AI agent choices.
The corporate mentioned over 4 million small and medium-sized enterprises and builders have collaborated with its merchandise, which can be found in 218 international locations and areas.
It additionally pointed to a latest nationwide frenzy to undertake the open-source AI agent OpenClaw, which has pushed token utilization to new ranges. Tokens are the fundamental models of textual content processed by AI fashions, with their quantity reflecting computing demand and prices.
Zhipu, a beneficiary of Beijing’s AI push, mentioned it plans to capitalize on that demand and enhance the efficiency of its AI merchandise.
The corporate is taken into account one in every of China’s so-called “AI tigers” — startups constructing massive language fashions to rival the likes of OpenAI and Anthropic — making it a powerful barometer for China’s total AI house.
Throughout an earnings name, Zhipu AI CEO Zhang Peng reportedly mentioned the corporate was accelerating its use of home Chinese language chips to fulfill a important rise in computing demand since February, aligning with Beijing’s push to develop its home semiconductor trade.
The CEO’s feedback had been notable because the agency’s skill to coach its AI fashions has beforehand been constrained by U.S. export restrictions, limiting its entry to superior semiconductor expertise and experience.
Zhipu was additionally positioned on the U.S. Commerce Division’s Entity Record in January final yr over alleged hyperlinks to China’s army.
Shares of MiniMax, a Chinese language AI rival of Zhipu that additionally listed in Hong Kong in January, had been up about 16% in buying and selling on Wednesday.
