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Zhipu AI Reports 131.9% Revenue Growth, Faces Rising Losses

3/31/2026

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Story summary

Zhipu AI reported earnings after its January IPO in Hong Kong, with revenue up 131.9% year-on-year to 724.33 million yuan, but short of 756 million yuan.
The company posted 4.72 billion yuan in net losses, up 59.5% year-on-year, driven by a 44.9% rise in research and development costs.
CEO Zhang Peng said Zhipu AI is shifting from on-premises deployments to cloud-based services as clients prefer the cloud-based API.

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Story summary

Zhipu AI reported earnings after its January IPO in Hong Kong, with revenue up 131.9% year-on-year to 724.33 million yuan, but short of 756 million yuan.
The company posted 4.72 billion yuan in net losses, up 59.5% year-on-year, driven by a 44.9% rise in research and development costs.
CEO Zhang Peng said Zhipu AI is shifting from on-premises deployments to cloud-based services as clients prefer the cloud-based API.