Chinese artificial intelligence startup Zhipu AI has taken initial steps toward an initial public offering (IPO), aiming to be the first among China's leading AI companies to go public. The company filed pre-IPO documents with the Beijing Securities Regulator on April 14, 2025, and has partnered with China International Capital Corporation (CICC) as its lead tutoring institution for the listing process. Zhipu AI, which is backed by Alibaba, is recognized as one of the top six AI unicorns in China. The move follows the recent success of its product, DeepSeek, and reflects the growing interest in AI technologies in the Chinese market.