Financing

Z.ai • Combined financing

Z.ai completed a combined financing round of around $5 billion, including about $2 billion from a share placement and roughly $3 billion through convertible bonds, to fund next-generation GLM foundation models.

Hello Robotaxi (Shanghai Zufu Intelligent Technology) • Unknown

Hello's Robotaxi business, operated through Shanghai Zufu Intelligent Technology, has completed a new financing round of about $100 million, led by Shanghai Guotou Venture Capital with participation from Minhang Jintou.

Manus • Unknown

According to QbitAI, Manus is advancing new financing at a $4B valuation, with the valuation reportedly doubling.