Zhihu Plans to Invest RMB 1.5 Billion to Participate in Establishing an AI and Frontier Technology Industry Fund

According to Yahoo Finance, Zhihu announced in a filing that its wholly-owned subsidiary entered into a subscription agreement with the general partner and fund manager to subscribe for RMB 1.5 billion worth of limited partnership interests in the fund using its own funds. Upon completion of the subscription, Zhihu is expected to hold no more than a 30% interest in the fund. The fund has a term of seven years (extendable by up to two years) and an investment period of four years. It will primarily invest in early- to mid-stage unlisted companies in mainland China within the artificial intelligence and frontier technology sectors, covering foundational models, AI infrastructure, robotics, and AI applications.