Zhipu AI raises $4B in a Hong Kong share sale
Zhipu AI raised $4B via a Hong Kong share offering months after its January IPO, following a reported ~1,500% stock rise.
Reuters (2026-07-08), with corroborating coverage from The Edge Malaysia and Crypto Briefing, reported Zhipu AI’s $4B Hong Kong share sale, months after its January IPO and following a large share-price run-up.
Relevant as funding context for its aggressive domestic token pricing. No rate change was confirmed on the pricing page this run.
The GLM Coding Plan moves from a quarterly ~$10/$30/$80-a-month card to list prices of $18 (Lite), $72 (Pro) and $160 (Max) per month, with a billing-term discount ladder — monthly −10% ($16.2/$64.8/$144), quarterly −20% ($14.4/$57.6/$128), yearly −30% ($12.6/$50.4/$112). Quotas are restated as relative multiples (Pro = 5x Lite usage, Max = 20x Lite usage) instead of prompts-per-5-hours. In parallel the docs price card adds a premium top end — GLM-5.2 and GLM-5.1 at $1.4 in / $4.4 out, GLM-5 at $1 / $3.2, GLM-5-Turbo at $1.2 / $4.0, GLM-4.5-X at $2.2 / $8.9 — plus per-image, per-video, per-use web search and per-agent SKUs.