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Z.ai raises $5bn in Hong Kong including $3bn of zero-interest bonds

This story is from 2026-09-13. It is preserved in the archive; the latest stories are on the live feed.

Z.ai, the Chinese model developer listed in Hong Kong as Zhipu, has raised about $5bn in a single move. Roughly $2bn came from placing 21.97 million new shares at HK$714, about 10 percent below the previous close. The other $3bn came from RMB 20.14bn of convertible bonds maturing in September 2027,…

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  1. 2026-09-13 18:15 · The Next Web
    Z.ai raises $5bn in Hong Kong including $3bn of zero-interest bonds

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