After Anthropic Shutdown, China's Z.ai Plans Mainland China Dual Listing to Fund AGI Push — Framing GLM-5.2 as Proof Frontier AI Must Stay Open

China's Z.ai (ZhipuAI) announced plans to pursue a mainland China stock listing in addition to its existing Hong Kong shares — the first major domestic public-market move by a Chinese frontier AI lab — with proceeds targeted at its AGI roadmap. The announcement positions GLM-5.2, a 744B-parameter MIT-licensed model released hours after the Anthropic Fable 5 and Mythos shutdown, as evidence that frontier AI capability can remain globally open; founder Jie Tang called the export restrictions 'deeply regrettable.' Z.ai's Hong Kong shares have surged over 2,000% since its January 2026 IPO to a ~$128B market cap.