Meituan has invested RMB 1.72 million ($240,000) in Zhipu AI, a Chinese company focused on large language models, according to corporate data site Tianyancha. Following the investment, Meituan now holds 10.4% of Zhipu Ai’s shares, making it the third largest shareholder of the company. Zhipu AI was founded by Tsinghua alumni in 2019. The company launched a giant-scale pre-trained model with over 100 billion parameters called GLM-130B in 2022. In 2023, they released the beta version of a large-scale bilingual model called ChatGLM, which features question-answering, long-form dialogue, and code generation functionalities in both Chinese and English languages. [Tianyancha, in Chinese]