Chinese startup Zhipu raised more than 1 billion yuan ($140 million) in a financing round led by local government-backed firms, underscoring the growing interest in domestic AI following DeepSeek’s ascent.

Chinese AI startup Zhipu, which is backed by companies including Alibaba (NYSE:BABA) and Tencent Holdings (OTCPK:TCEHY), has secured more than 1 billion yuan ($137.22 million), in its latest funding round.

Chinese artificial intelligence startup Zhipu AI has raised more than 1 billion yuan ($137.22 million) in fresh funding, months after securing a 3 billion yuan investment. The funding round comes amid intensifying competition in China's AI sector,

Chinese AI startup Zhipu announced today that it has raised over RMB 1 billion ($140 million) in a new strategic funding round. Investors include Hangzhou