Asianfin -- Zhipu AI has officially launched a new company, Tianjin Zhipu Huazhang Technology Co., Ltd., as of October 25, with a registered capital of 50 million yuan. Liu Debing has been named the legal representative of the new venture. The company's business scope includes the development of foundational and application software for artificial intelligence, data processing and storage support services, information technology consulting, and software development focused on AI theories and algorithms. Additionally, it will provide digital content creation services and big data solutions. The new entity is wholly owned by Beijing Zhipu Huazhang Technology Co., Ltd., a company associated with Zhipu AI, indicating a continued investment in AI technologies and services.