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ZhipuAI: Inclusion in US Restricted List Lacks Factual Basis, No Material Impact on Biz Expected
The US Department of Commerce has added 25 Chinese companies to the trade restriction entity list, including ZhipuAI, a startup backed by BABA-W (09988.HK) and TENCENT (00700.HK) i...
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ZhipuAI: Inclusion in US Restricted List Lacks Factual Basis, No Material Impact on Biz Expected
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The US Department of Commerce has added 25 Chinese companies to the trade restriction entity list, including ZhipuAI, a startup backed by BABA-W (09988.HK)  0.000 (0.000%)    Short selling $1.93B; Ratio 15.094%   and TENCENT (00700.HK)  0.000 (0.000%)    Short selling $1.08B; Ratio 9.701%   in developing large language models.

ZhipuAI expressed in its statement strong opposition to the US decision to include ZhipuAI and its subsidiaries on the export control entity list, arguing that the decision lacks factual basis.

Related NewsM Stanley Raises XIAOMI-W's TP to $45 as Tailwinds Continue This Yr
With core technology for full-chain foundation models on hand, ZhipuAI emphasized that being listed will not have a substantial impact on its business. The company is capable and will focus even more on providing world-class foundation model technology, products, and services to users and partners.

Information shows that ZhipuAI's investors also include Meituan, Ant Group, Alibaba, Tencent, and XIAOMI-W (01810.HK)  0.000 (0.000%)    Short selling $1.52B; Ratio 27.748%   .
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-02-03 16:25.)

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