In recent months, Zhipu has garnered increasing attention from investors as the company aims to debut on public markets this year. Backed by industry giants Alibaba Group and Tencent, Zhipu is actively preparing for its initial public offering (IPO).

Chinese startup Zhipu has raised over 1 billion yuan (approximately $140 million) in its latest funding round, highlighting the growing interest in domestic artificial intelligence (AI) solutions. This move has been facilitated by support from government-backed companies, emphasizing the importance of state backing in high-tech industries.