Zhipu Completes HK$31.4 Billion H-Share Placement in Hong Kong

Zhipu (02513.HK) said it has completed a placement of new H shares, issuing 19.78 million shares at HK$1,588 per share to no fewer than six placees on July 13, 2026. According to ChainCatcher, the newly issued shares represent about 4.25% of the company’s enlarged total issued H shares. The company reported gross proceeds of about HK$31.41 billion and net proceeds of about HK$31.38 billion. Zhipu said it plans to use the funds for general artificial intelligence research and development, business expansion, and optimizing its capital structure.