Z.AI2513.HK

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Z.ai's coding agent swallowed 42,411 files, and the developers got the bill

ZCode packed a developer's whole workspace into an archive only Z.ai could open, then logged 564 failed attempts to ship it to Alibaba Cloud. The fix and the audits describe an empty bucket, and the listing had compounded to near nine times its IPO price by late August.

September 28, 2026 · 3 min read

Safety
Z.ai banked $5.02bn days before its coding assistant was caught packaging Git histories
The $5.02bn share-and-convertible raise closed on 13 September. Five days later a developer showed ZCode's default-on indexing had been encrypting whole workspaces toward an Alibaba Cloud bucket only Z.ai could open, and the open-source fix arrived with the development history deleted.
September 26, 2026 · 3 min read

Market snapshot

Latest on Z.AI

Z.ai's coding agent swallowed 42,411 files, and the developers got the bill

Z.ai banked $5.02bn days before its coding assistant was caught packaging Git histories