Woofun AI reports that Zhipu (02513.HK) completed the placement of 19.78 million new H shares on July 13, 2026. The shares were allocated to at least six subscribers at a price of HKD 1588 each, representing approximately 4.25% of total issued H shares after expansion. The transaction raised approximately HKD 31.411 billion, with net proceeds of HKD 31.375 billion designated for general artificial intelligence research and development, business expansion, and capital structure optimization.