🤖 Chinas Z.AI Raises $5 Billion From New Share
Published by OOPSONLINE.IN · Source: Reuters · 1 min read · · Updated
What actually happened
Beijing-based artificial intelligence company Z.AI Co Ltd raised a total of $5 billion from a Hong Kong share placement of about $2 billion and a concurrent convertible bond sale of about $3 billion, the company said in a Hong Kong stock exchange filing on Sunday.
Key points
- Beijing-based artificial intelligence company Z.
- AI Co Ltd raised a total of $5 billion from a Hong Kong share placement of about $2 billion and a concurrent convertible bond sale of about $3 billion, the company said in a Hong Kong stock exchange filing on Sunday.
Summary based on data provided by Reuters. Full article available at the original publisher.
- #ai
- #china
- #raises