The Baoyue Lake Sci-Tech Innovation Fund of Funds, a subsidiary of Chongchuan Industrial Development Group, celebrated its first IPO milestone with a strategic investment in Beijing Zhipu Huazhang Technology, which was listed on the Hong Kong Stock Exchange on Jan 8. 

This marks a significant step for the fund, which was established just two years ago, as it enters a new phase of investment returns. 

Zhipu Huazhang is a leading company in the field of independent general-purpose large models in China, making use of a decade of knowledge and intelligent technology accumulation from the Tsinghua University team to focus on the development of cognitive intelligent large models. The company's GLM series foundation models and core products like ChatGLM and CodeGeeX have already served over 12,000 corporate clients worldwide. 

In recent years, Chongchuan district has positioned itself in the AI sector by improving policy frameworks and optimizing its industrial ecosystem. The Baoyue Lake Sci-Tech Innovation Fund of Funds aligns with regional industrial directions, focusing on core areas such as general-purpose large models and high-end computing power. It collaborates deeply with multiple professional fund managers to nurture and empower quality projects. 

In the future, the fund plans to further deepen industrial collaboration and advance the high-quality development of the AI industry in Chongchuan through precise investments. 

Beijing Zhipu Huazhang Technology, invested in by the Baoyue Lake Sci-Tech Innovation Fund of Funds, is listed on the Hong Kong Stock Exchange on Jan 8. [Photo/WeChat account: chongchuanonline]