Zhipu AI (智谱) Rocks Hong Kong Debut: Stock Surges 13%+ on Day One, Market Cap Breaks HK$570B, Leading China's Domestic LLM Commercialization Charge
On January 8, 2026, Zhipu AI (stock code: 02513.HK), hailed as the world's first pure-play AGI foundation model company, made a blockbuster debut on the Hong Kong Stock Exchange. Priced at HK$116.20 per share, the stock opened at HK$120, dipped briefly, then rallied to close up 13.17% at HK$131.50 — pushing market cap to HK$578.9 billion. Backed by massive oversubscription (Hong Kong tranche 1159x), star base investors, and blockbuster 2025 revenue exceeding US$100M, Zhipu solidifies its lead in China's independent LLM commercialization race, outpacing peers in API scale, developer ecosystem, and enterprise adoption.
Zhipu AI Open-Sources GLM-4.7: The New King of Open-Source Models Claims Global Coding Throne with SOTA Reasoning and Agentic Execution
On December 22, 2025, Zhipu AI unleashed GLM-4.7 — its latest flagship open-source model that storms to the top of global open-source leaderboards. Packing revolutionary "Preserved Thinking" for multi-turn consistency, interleaved reasoning modes, and massive leaps in coding + tool use, it hits open-source SOTA on LiveCodeBench (84.9%), τ²-Bench (87.4%), and HLE (42.8%) — outperforming Claude Sonnet 4.5 in key agentic tasks while crushing long-context stability. Fully open-weights on Hugging Face, GLM-4.7 accelerates enterprise deployment, scientific research, and content pipelines at a fraction of proprietary costs.
