Shares of China AI 'tiger' Zhipu surge 35% after revenue doubles in first earnings report

Tamara Ceaikovski

Shares of Chinese artificial intelligence company Knowledge Atlas Technology JSC , better known as Zhipu, surged as much as 35% on Wednesday, after posting strong revenue growth in its first earnings report. The Beijing-based company later pared gains but was still up roughly 30% in afternoon trading. Listed in Hong Kong in January following a $558 million initial public offering, Zhipu was the first major pure-play AI model company in China, and arguably the world, to go public. Zhipu said in