A combination of debt and equity provided the structure for a new capital raise by Z.AI in Hong Kong. The issuance of convertible bonds and a share sale secured approximately $2 billion for the company. Investors holding the bonds may convert their positions into equity at a future date to share in the company's potential growth.

The EMXETF China AI Tigers LLM ETF $TGRZ has recorded 260,465 total shares traded since its launch through Sept. 10. Trading volume for the fund reached a peak of 64,300 shares on Aug. 26 and declined to 9,265 shares on the final day of the reporting period.