[Zhipu: Computing power has taken shape, now capable of supporting the company's rapid business growth and ongoing development of larger-scale models] Odaily Planet Daily News – Zhipu (02513.HK) stated during a conference call with analysts and investors that the company has just completed a $5 billion refinancing using a 'small equity, large debt' structure. This round of financing was driven by the need for computing power expansion. Following the release of GLM-5 in February, model invocation demand surged tenfold, nearly depleting the company's computing power reserves within the week of its launch, forcing the suspension of its flagship product, Coding Plan. In response, Zhipu took proactive measures, completing a $4 billion refinancing in July, which enabled large-scale computing power expansion. On September 11, the company secured another $5 billion in refinancing, further solidifying its commitment to expanding computing power. After this expansion, Zhipu's computing power has taken shape, now capable of supporting the company's rapid business growth and ongoing development of larger-scale models. (Jin10)