China's Zhipu AI plans to apply for Shanghai's Sci-Tech Board listing

One of the leading players in China's crowded artificial intelligence sector, Zhipu AI, said the proposed issuance of A shares, each with a ‌nominal value ⁠of 0.10 ⁠yuan, would represent between 2% and 8% of the company's total share capital, or 9.1 million to ​38.8 million shares.