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

Zhihu Inc., a leading Chinese online content community, announced it will subscribe to a limited partnership interest in Tianjin Lisi Xingshen Equity Investment Partnership with a capital commitment of RMB1.5 billion. The fund will invest in early-to-mid-stage AI and technology companies in mainland China. The subscription requires shareholder approval and represents Zhihu's strategic effort to access AI investment opportunities while maintaining focus on its core content community business.