China's Zhipu AI hits fresh high on new model launch, government push

Knowledge Atlas Technology JSC

12/02/2026 03:12

** Shares of Zhipu AI 2513.HK, formerly known as Knowledge Atlas Technology, jump 26.8% to HK$396 to their fresh high since its debut on January 8

** Stock on track for the biggest one-day pct gain since February 9

** Hong Kong-listed AI startup Zhipu AI released its latest artificial intelligence model GLM-5 on Wednesday, joining a wave of domestic rivals unveiling more sophisticated versions of the technology ahead of the Lunar New Year festival as competition heats up in the sector

** Meanwhile, Chinese Premier Li Qiang on Wednesday called for a comprehensive push in technological innovation and AI application

** Since its debut on January 8, the stock up 222.9% from the offer price of HK$116.2 apiece

** YTD, benchmark Hang Seng Index .HSI up 5.5%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))