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Alibaba, Tencent Join Big Backers for Chinese AI Startup Zhipu

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Oct. 20, 2023, 4:13 a.m. | Jane Zhang

Bloomberg Technology bloomberg.com

Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are among the influential Chinese investors that invested 2.5 billion yuan ($342 million) in AI startup Zhipu this year, part of a wave of capital flowing into a red-hot arena.

alibaba arena big billion capital chinese hkg:700 hot investors join nys:baba part startup tencent

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