Zhipu AI (Beijing Zhipu Huazhang Technology), a prominent Chinese AI startup, has launched its initial public offering (IPO) process, becoming the first of China’s “AI Six” to step onto the public markets. The China Securities Regulatory Commission (CSRC) confirmed that Zhipu signed an IPO counseling agreement with China International Capital Corp. (CICC) on March 31, 2025, and filed its pre-listing documentation in April. The company could formally apply for listing by the end of 2025.