China’s OpenAI challenger Zhipu AI gets Meituan funding

Zhipu AI, one of China’s most promising challengers to OpenAI, has received funding from the country’s food delivery giant Meituan, which has a market cap of around $100 billion at the time of writing.
An affiliate of Zhipu AI recently added a Meituan subsidiary as its shareholder, which now owns a 10% stake in the firm, local media reported citing business filing information. The startup hasn’t disclosed its exact funding to date, only saying it raised “hundreds of million yuan” ($1 = 7.23 yuan) from a Series B round last September. Its investors include Qiming V

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