Several backers of the Hong Kong-listed company said they remain bullish ahead of the lockup expiry window and plan to keep their positions.
Several cornerstone investors in Hong Kong-listed Zhipu said they will continue holding their stakes as the lockup expiry window approaches, signaling support at a point when share sales can weigh on market sentiment. The institutions making the statement control nearly 70% of the shares set to be unlocked, including JSC International Investment Fund SPC, WT Asset Management, Optimas Capital Limited, and Lingyun Guang Technology Co., Ltd.