China's Z.AI to repurchase shares worth up to $4b

22 mins ago

This multiple exposure picture illustration shows a mobile phone's screen showing the logo of Chinese AI Zhipu in Beijing on January 21, 2026. Investor confidence in Chinese AI startups is riding high, but obstacles to their long-term success range from US export controls to the puzzle of how to become profitable. (Photo by WANG Zhao / AFP)

Chinese artificial intelligence firm Z.AI (2513) said on Tuesday that it intends to repurchase H shares on the open market from time to time, with an expected aggregate amount of up to HK$4 billion.

The total number of H Shares to be repurchased shall not exceed 1 percent of Z.AI's total number of issued shares, the company said.

The share repurchase plan would demonstrate the company's confidence in its long-term business outlook and prospects and its commitment to enhancing shareholder value, the AI lab said.

Z.AI's shares have retreated 83.8 percent from its highest price of HK$2,980. It closed 11.1 percent higher at HK$482 on Tuesday.

Z.AI AI repurchase

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓