Company executives from Chinese large language model developer Zhipu AI, semiconductor Iluvatar CoreX, and surgical robot manufacturer Edge Medical attend the initial public offering (IPO) launch at the Hong Kong Stock Exchange (HKEX) on January 8, 2026. Leading Chinese artificial intelligence startup Zhipu AI rose as it went public in Hong Kong on January 8, a day before rival MiniMax also makes its market debut in a litmus test for the country's rapidly developing sector. (Photo by Tommy WANG / AFP via Getty Images)