🇨🇳Zhipu AI (智谱; HKEX: 02513) completed approximately $5 billion in financing—$2 billion in shares and $3 billion in convertible bonds—for models and compute infrastructure.

Zhipu AI (智谱), identified in the reports as Hong Kong-listed stock 02513, announced the financing’s completion on September 13. The approximately $5 billion total comprises approximately $2 billion in share-placement proceeds and approximately $3 billion from convertible-bond issuance, rather than a prospective financing facility.

The reported uses include next-generation GLM models, a fully self-training system, and associated compute infrastructure. Another announcement summary also identifies business expansion as a use of proceeds, but neither provides an allocation among these categories.

The infrastructure component is a stated use of funding, not a report of installed equipment or commissioned capacity. The supplied summaries do not identify GPU purchases, server quantities, data-center power capacity, deployment dates, or infrastructure counterparties.