Zhipu’s Losses Climb 60% After Chinese AI Rivalry Worsens

Zhipu reported a much faster-than-expected 60% surge in net losses for 2025, underscoring how China’s AI upstarts continue to spend aggressively on developing artificial intelligence to keep pace with rivals.

X LinkedIn Email Link Gift Expand Z.ai developed by Zhipu. Photographer: Raul Ariano/Bloomberg Facebook X LinkedIn Email Link Gift Gift this article Contact us: Provide news feedback or report an error Confidential tip? Send a tip to our reporters Site feedback: Take our Survey New Window Facebook X LinkedIn Email Link Gift By Bloomberg News March 31, 2026 at 10:13 AM UTC Updated on March 31, 2026 at 11:15 AM UTC Bookmark Save Zhipu reported a much faster-than-expected 60% surge in net losses for 2025, underscoring how China’s AI upstarts continue to spend aggressively on developing artificial intelligence to keep pace with rivals.

Revenue climbed to 724.3 million yuan ($105 million) last year, missing an average analyst estimate of 756 million yuan. Net loss for the same period was 4.7 billion yuan, while analysts were expecting only 3.76 billion yuan.

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