Zhihu is also entering the AI space—could this be driving Unitree mad? Zhihu has just established a wholly owned AI subsidiary called “ZhiZhe Exploration,” investing 1.5 billion RMB—exactly one-third of its cash reserves—making it a substantial bet. Keep in mind that Zhihu’s net profit for the first half of this year was only 6.9 million RMB; it would take over 100 years to recoup this investment. Its goal is simple: monetize AI by leveraging high-quality, professional Q&A content from its B2B data—meaning all the knowledge you, its users, contribute becomes free fuel for its AI software. Zhihu is currently listed on both the Hong Kong and U.S. stock markets, with a market cap of 1.6 billion RMB—far below its cash reserves. In plain terms, no one wants to buy it. Meanwhile, Unitree, that AI toy factory, hit a market cap of 450 billion RMB on its listing day. Even after a steady decline, it still holds over 200 billion RMB—plenty of room to cash out.
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