
Zhipu AI opens institute in Hangzhou, partners with Zhejiang University
Zhipu’s expanding Hangzhou presence reflects a broader trend among China’s leading AI companies: building research, talent and commercial ecosystems outside Beijing.

Zhipu’s expanding Hangzhou presence reflects a broader trend among China’s leading AI companies: building research, talent and commercial ecosystems outside Beijing.

The fundraising comes as MiniMax’s market performance has diverged sharply from that of domestic rival Zhipu AI.