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    3. Z.ai

    Z.ai

    Z.ai aims to develop safe and beneficial Artificial General Intelligence (AGI) to help solve humanity's most complex challenges. The company's vision is 'enabling machines to think like humans' and making AI everyone's most capable assistant. Founded with the mission to pursue AGI as a democratizing force that is open, transparent, and accessible for everyone to benefit from.

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    At a Glance

    1Tool Listed
    12Products
    41Tool Views
    15Capabilities
    Discussions
    Haidian District, BeijingHeadquarters
    2019Est.
    800Employees
    $1.2Raised
    Focus Areas
    Conversational Agents
    AI Coding Assistants
    Research Assistants
    Latest News
    Z.ai releases GLM-5, next-generation 744B-scale foundation modelFeb 11, 2026
    JPMorgan Chase issues 'buy' call for Z.ai stocks following successful IPOFeb 1, 2026
    Markets
    • Central state-owned enterprises
    • Financial institutions and banks
    • Government agencies (China and international)
    • Technology companies
    • +9 more

    AI Tools by Z.ai

    (1)
    View Z.ai Chat
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    Z.ai Chat

    Free AI Chat Assistant

    Conversational AIAI Coding Asst.Research Assistants

    Discussions

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    Latest News

    02/11/2026

    Z.ai releases GLM-5, next-generation 744B-scale foundation model

    en.wikipedia.org
    02/01/2026

    JPMorgan Chase issues 'buy' call for Z.ai stocks following successful IPO

    en.wikipedia.org
    01/08/2026

    Z.ai becomes world's first listed large language model company on Hong Kong Stock Exchange (SEHK: 2513), raising $558-560 million at $6.7-7.5 billion valuation

    reuters.com
    01/16/2025

    Z.ai and nine subsidiaries added to U.S. Commerce Department Entity List for advancing China's military modernization through AI research

    federalregister.gov

    Products & Services

    12
    GLM (General Language Model)
    2021

    China's first proprietary pre-trained large model framework integrating both unidirectional and bidirectional attention mechanisms

    GLM-130B
    2022

    China's first open-source 100 billion-parameter model

    GLM-4.5
    July 2025

    Flagship foundation model with 355 billion parameters. China's first open-source Mixture of Experts (MoE) model featuring strong agentic, reasoning and coding capabilities

    GLM-4.7
    December 23, 2025

    Latest flagship model open-sourced with 200K context length. Ranks first among open-source and domestic models in CodeArena

    Market Position

    Z.ai is positioned as China's AGI pioneer and a Chinese OpenAI challenger. Ranked first among China's independent developers and second among all developers of general-purpose large models in terms of revenue in 2024, with 6.6% market share by revenue. Described as a leading player in China's AI push and a frontrunner in the AI sector. OpenAI identified Z.ai as a 'fast-rising rival'. The company differentiates through its vertically integrated stack and proprietary GLM architecture developed entirely in-house, rather than relying on derivative architectures and imported frameworks. Known for low-cost inference (API costs $0.39 per million tokens vs industry average $12.50, making it 32 times cheaper). Models are 86% cheaper than US competitors. GLM-4.7 ranks first among domestic models and tied for sixth globally with Claude 4.5 Sonnet. Competitive advantages include compatibility with 40+ chip platforms (reducing hardware dependence), strong government and SOE relationships for data sovereignty requirements, and open-source strategy for global developer adoption (45+ million downloads). One of China's 'Four AI Tigers' alongside Moonshot AI, Baichuan, and MiniMax.

    Leadership

    Founders

    TJ

    Tang Jie

    Professor at Tsinghua University's Department of Computer Science and Technology, member of the Knowledge Engineering Group (KEG). Created AMiner in March 2006. Co-founder of Z.ai in 2019. Published over ten papers in leading conferences such as ICML and ISWC. Core contributor to the development of GLM model series and AMiner.

    LJ

    Li Juanzi

    Professor at Tsinghua University's Department of Computer Science and Technology, specialized in knowledge engineering and semantic web research. Co-founder of Z.ai in 2019. Member of the Knowledge Engineering Group (KEG). Holds a Ph.D. in Computer Science from Tsinghua University. Serves as Non-Executive Director.

    LD

    Liu Debing

    Associate Professor at Tsinghua University's Department of Computer Science and Technology, led research in knowledge graph technology and natural language processing. Holds a Ph.D. in Computer Science from Tsinghua University. Former engineer at Technicolor (China) Technology and worked at Tsinghua University for nearly two decades. Mentored by Gao Wen, an academician of the Chinese Academy of Engineering. Led or participated in more than thirty major scientific research projects. Published over 20 papers at major international conferences and holds more than 50 invention patents globally. Co-founder and Chairman of the Board. Net worth: $2.1 billion as of January 2026.

    ZP

    Zhang Peng

    Researcher at Tsinghua University's Knowledge Engineering Laboratory focusing on knowledge graphs and intelligent systems. Holds a Ph.D. in Computer Science from Tsinghua University. Worked at Tsinghua University for over a decade until 2020. Specializes in knowledge graphs and large-scale pre-trained models. Core contributor to the development of GLM model series and AMiner. Published over ten papers in leading conferences such as ICML and ISWC. Co-founder and CEO of Z.ai since 2019.

    Executive Team

    DZ

    Dr. Zhang Peng

    Chief Executive Officer and Co-Founder, Executive Director

    Specializes in knowledge graphs and large-scale pre-trained models. Core contributor to GLM series and AMiner. Ph.D. in Computer Science from Tsinghua University.

    DL

    Dr. Liu Debing

    Chairman of the Board, Co-Founder, Executive Director

    Expert in large language models, machine learning and data mining. Led 30+ major scientific research projects. 50+ invention patents globally. Worth $2.1 billion.

    Board of Directors

    DL
    Dr. Liu Debing
    Executive Director and Chairman
    DZ
    Dr. Zhang Peng
    Executive Director and CEO
    DL
    Dr. Li Juanzi
    Non-Executive Director and Co-Founder

    Founding Story

    Z.ai (formerly Zhipu AI) was founded in 2019 at Tsinghua University Science Park in Beijing, known as the 'Center of the Universe' for tech startups. The company was inspired by the dual-system theory of human brain cognition at the end of 2018, designing a machine 'cognitive' system that incorporates both fast thinking and slow thinking. Founded by Tang Jie and Li Juanzi, both professors at Tsinghua University's Department of Computer Science and Technology and members of the Knowledge Engineering Group (KEG), the company was initially an academic startup focused on building knowledge graphs. The Zhongguancun Science Park provided the team with rent-free office space for three months during early days. The company was officially established as a commercialization of technological achievements from Tsinghua University labs, spun out as an independent company with a technologically idealistic ethos focused on reaching AGI.

    Business Model

    Revenue
    2022: RMB 57 million. 2023: RMB 124 million. 2024: RMB 312 million (130%+ CAGR from 2022-2024). H1 2025: RMB 191 million ($27.3 million, +325% YoY growth). MaaS platform ARR exceeded 500 million yuan in late 2025 (25-fold increase in 10 months), with overseas revenue surpassing 200 million yuan. Gross margins exceeding 50% (56.3% in 2024, 50.0% in H1 2025). Cloud API gross margins: -0.4% in H1 2025. Net losses: RMB 144 million (2022), RMB 788 million (2023), RMB 2,958 million (2024), RMB 2,358 million (H1 2025). R&D intensity: 702.7% of revenue in 2024, 835% in H1 2025.

    Revenue Model

    Z.ai operates a Model-as-a-Service (MaaS) platform delivering foundation models, multimodal systems, autonomous agents, and coding assistants. Revenue streams include: (1) On-Premise Deployment (84.8% of H1 2025 revenue) - licensed software and technical services for state-owned enterprises, banks, and government agencies requiring data sovereignty; (2) Cloud-Based Deployment (15.2% of H1 2025 revenue) - subscription and usage-based API access; (3) Subscription services for coding tools (GLM Coding Plan); (4) Enterprise private deployment contracts; (5) Government contracts for city projects and smart government services. The company focuses on high-margin enterprise and government customers in China (90% of revenue) with growing international presence in Malaysia, Singapore, and the US.

    Pricing Tiers

    Free Tier
    Free

    GLM-4.7-Flash and GLM-4.6V-Flash models. 20 million free tokens upon registration. Z.ai chatbot and basic features free

    Pay-as-you-go - GLM-5
    ¥4-6 per 1M input tokens, ¥18-22 per 1M output tokens

    744B-scale foundation model with premium capabilities

    Pay-as-you-go - GLM-4.7
    ¥2-4 per 1M input tokens, ¥8-16 per 1M output tokens

    Flagship model with 200K context length

    CogView-4
    $0.01 per image

    Text-to-image generation with Chinese character support

    Cloud Private Deployment - GLM-4.5
    ¥1.1 million per year

    Includes 5840 GPU Units and 1 billion training tokens

    Local Private Deployment - GLM-4
    >¥10 million

    Complete on-premise solution for data sovereignty

    GLM Coding Plan - Light
    ~$3 per month

    Subscription plan for coding tools (overseas users)

    Publicly listed on Hong Kong Stock Exchange since January 8, 2026 (SEHK: 2513). First major Chinese LLM company to hold an IPO. Shares issued at HK$116.20, opened at HK$120.00, ended first day at HK$131.50 (+13.2%). Market capitalization approximately $6.7-7.5 billion. JPMorgan Chase issued 'buy' recommendation in February 2026.

    Target Markets

    Industries & Segments
    • Central state-owned enterprises
    • Financial institutions and banks
    • Government agencies (China and international)
    • Technology companies
    • Individual developers (45+ million globally)
    • Enterprise customers (12,000+ as of September 2025)
    Use Cases
    • Agentic coding and software development
    • Web UI generation and frontend replication
    • Professional-grade office creation (PPT, posters)
    • Deep research with structured organization
    • Financial analysis and report processing
    • Video understanding and summarization
    Notable Customers
    • Kingsoft Office
    • Zhaopin.com
    • Mengniu Dairy
    • Hangzhou government

    Quick Facts

    Headquarters
    Haidian District, Beijing, China
    Founded
    2019
    Entity Type
    Joint Stock Company Limited
    Employees
    800
    Total Funding
    Over RMB 8.36 billion (~$1.2-1.5 billion USD) raised through eight pre-IPO funding rounds plus $558-560 million IPO, totaling approximately $1.8-2.1 billion
    Investors
    Qiming Venture Partners, Alibaba Group
    Office Locations
    Beijing
    Shanghai
    Hangzhou
    Shenzhen
    +5 more

    Funding History

    Early FundingNearly $15 million
    September 2021
    Local venture capitalists
    Series B1
    Early 2022
    Qiming Venture Partners
    Series B42.5 billion yuan (~$350 million USD)
    2023
    Qiming Venture Partners

    History & Milestones

    January 8, 2026

    Completed IPO on Hong Kong Stock Exchange (SEHK: 2513); became world's first listed large language model company; raised $558-560 million at $6.7-7.5 billion valuation

    February 11, 2026

    Released GLM-5, next-generation 744B-scale foundation model

    July 2025

    Rebranded internationally as Z.ai; released GLM-4.5 and GLM-4.5 Air (China's first open-source MoE model)

    January 16, 2025

    Added to the U.S. Department of Commerce Entity List for advancing China's military modernization through advanced AI research

    May 2024

    Secured $400 million financing round; company valued at $3 billion

    Key Capabilities

    15
    GLM framework - China's first proprietary pre-trained large model framework
    Mixture of Experts (MoE) architecture for efficient scaling
    Multi-modal capabilities - text, image, video, voice, and file processing
    Native Function Calling for tool integration and agentic workflows
    Long context processing - up to 200K tokens
    Agent-native design with autonomous reasoning and execution

    Integrations & Partnerships

    Platform Integrations

    • OpenAI-compatible API
    • Python SDK (zai-sdk)
    • Java SDK (zai-sdk)
    • Over 40 domestic and international chip platforms
    • Huawei Ascend processors
    • Cambricon Technologies chips
    • Moore Threads GPUs
    • Cloud deployment (Microsoft Azure, AWS)

    Key Partnerships

    Tsinghua University (Knowledge Engineering Group)academic leadership and talent pipeline
    Huawei (Ascend processors compatibility)
    Cambricon Technologies (chip integration)

    Connect

    Website
    z.ai

    AI Topics

    3

    Z.ai focuses on these topics:

    Conversational Agents(1)
    AI Coding Assistants(1)
    Research Assistants(1)
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