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Zhipu is the China’s largest AI model developer by revenue. Its 2025 revenue rose 132% year-on-year to 724 million yuan. Photo: VCG
Hong Kong-listed Zhipu briefly topped HK$880 billion in market value as investors bet on rapid revenue growth and enterprise demand despite mounting losses and fierce competition
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Zhipu is the China’s largest AI model developer by revenue. Its 2025 revenue rose 132% year-on-year to 724 million yuan. Photo: VCG

The meteoric rise in the Chinese AI company’s share price has been driven by the release of GLM-5.2, as demand for its paid…

Chinese artificial intelligence developer Zhipu AI crossed the HK$1 trillion ($127 billion) market valuation mark on Monday,…

The Tsinghua-backed startup turned to Hong Kong after stalling in Shanghai, raising funds to battle soaring compute costs and…

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The 33% jump follows the firm’s rollout of GLM-5.2 large language model, which came as Washington suddenly ordered the suspension…

Shares of Chinese AI company Zhipu surged over 30% in trading, after posting strong revenue growth in its first earnings report…