Beijing-based AI startup Zhipu, which aims to make services tailored to the China market, raised $412M, after raising $400M at a ~$3B valuation in May 2024 (Bloomberg)

Bloomberg:
Beijing-based AI startup Zhipu, which aims to make services tailored to the China market, raised $412M, after raising $400M at a ~$3B valuation in May 2024  —  Beijing-based Zhipu raised a further 3 billion yuan ($412 million) to power its artificial intelligence development efforts.