Zhipu AI Tops HK$1 Trillion After GLM-5.2 Sparks 42% Share Surge
Updated
Updated · South China Morning Post · Jun 22
Zhipu AI Tops HK$1 Trillion After GLM-5.2 Sparks 42% Share Surge
2 articles · Updated · South China Morning Post · Jun 22
Summary
Zhipu AI’s market value climbed above HK$1 trillion on Monday after its Hong Kong-listed shares, trading as Knowledge Atlas Technology, jumped as much as 42% to HK$2,980.
GLM-5.2 drove the rally after ranking second globally on Code Arena for front-end web development tasks, behind only Anthropic’s flagship Claude Fable 5.
Elon Musk had recently said on X that a Chinese AI model matching Claude Fable 5 would likely emerge in the first quarter of next year.
Zhipu founder Tang Jie pushed back on that timeline, replying that it “won’t take that long,” underscoring rising confidence around China’s top AI challengers.