GlobeNewswire·Sep 6, 2026, 7:32 AM ET

Zhihu Inc. Announces Proposed Subscription in AI-Focused Investment Fund

Zhihu Inc. entered a subscription agreement to acquire a limited partnership interest in Tianjin Lisi Xingshen Equity Investment Partnership.
The capital commitment is RMB1.5 billion payable in cash subject to shareholder approval at an upcoming EGM.
Zhihu's interest in the Fund is expected to be no more than 30% upon completion.
The Fund will invest in early-to-mid-stage unlisted AI & related technology enterprises in mainland China using a blind pool structure.
Zhihu will not participate in the Fund's day-to-day management or specific investment decisions.
The investment aims to leverage external expertise for access to AI opportunities while maintaining Zhihu's core focus on its online content community.
The transaction is classified as a major transaction under Hong Kong Stock Exchange Rules & requires shareholder approval.
The announcement date is September 06, 2026.