Alibaba, Tencent-backed China’s Zhipu AI secures $137 million funding

Chinese AI startup Zhipu, which is backed by companies including Alibaba (NYSE:BABA) and Tencent Holdings (OTCPK:TCEHY), has secured more than 1 billion yuan ($137.22 million), in its latest funding round.

State-backed Hangzhou City Investment Group Industrial Fund and Shangcheng Capital are among