Mergers & Acquisitions ·
Zhihu Inc. announced a proposed RMB1.5 billion cash subscription for a limited partnership interest in the Tianjin…
ZHZhihu Inc.
Zhihu Inc. announced a proposed RMB1.5 billion cash subscription for a limited partnership interest in the Tianjin Lisi Xingshen Equity Investment Partnership, an AI-focused fund targeting early-to-mid-stage unlisted enterprises in mainland China. The transaction constitutes a major transaction under Hong Kong listing rules and requires shareholder approval at an extraordinary general meeting with a record date of September 21, 2026. Zhihu expects its interest to be no more than 30% and will not participate in day-to-day management. This strategic investment aims to leverage the fund manager's expertise to access high-quality AI opportunities and deepen understanding of emerging technologies while maintaining focus on its core online content community operations.