In a recent episode of the program "Unfinished Vows," Zhipu AI CEO Zhang Peng, in a dialogue with Zhang Xiaojun, was asked, "Have you ever thought about competing with Doubao and Kimi?" He responded that it is not their style.

Zhang Xiaojun posed the question: For investors, a To C business model is always more attractive than a To B one, right?

In response, Zhang Peng stated that he did not quite understand where this attractiveness comes from. He later speculated that one reason might be that the model is easier to calculate; determining how much a user is worth is relatively straightforward. "But To B is too complex; the question of how much a client is worth is incredibly varied, with all sorts of factors involved, so it's quite difficult for investors to figure it out clearly," he said.