Companies

Zhipu AI, other Chinese tech firms rise in Hong Kong debut as race with US heats up

January 9, 2026

Three Chinese tech firms, including Zhipu AI, successfully debuted on the Hong Kong stock exchange, collectively raising HK$9.3 billion ($1.19 billion). Zhipu AI opened 3.3% higher than its initial offer price, while semiconductor company Shanghai Iluvatar CoreX saw a significant increase of 31.6% on its debut.

Zhipu AI, other Chinese tech firms rise in Hong Kong debut as race with US heats up

Credit: Yahoo

Key Highlights

Zhipu AI raised HK$9.3 billion ($1.19 billion) in its stock debut.
Zhipu AI opened 3.3% higher than its offer price of HK$116.20.
Shanghai Iluvatar CoreX started 31.6% higher than its offer price of HK$144.60.
All debuting companies traded above their initial offer prices.
This trend suggests a potentially busy year for new listings in Hong Kong.

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Zhipu AI, other Chinese tech firms rise in Hong Kong debut as race with US heats up

Key Highlights

Sources

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