$ZHIPU AI Zhipu AI shares are trading at HKD 1,195 on the Hong Kong Stock Exchange. It has risen 9.63% intraday. The highest level reached was HKD 1,195, and the lowest was HKD 1,038. It opened at HKD 1,079. Its market capitalization is approximately HKD 556 billion.

Let's look at the technical indicators. The 5-day moving average is at 1,106, the 10-day average at 1,074, and the 30-day average at 1,117. The MACD indicator is at 18.61. The DIF is at -45.66, and the DEA is at -64.28.

Zhipu AI is known as China's largest independent developer of large language models. It was established in 2019 through a technology transfer from Tsinghua University. The company operates on its original GLM algorithm architecture and is referred to as "China's OpenAI".

It went public on the Hong Kong Stock Exchange in January 2026. Launched with the title of "Global's first major language model company," its IPO saw demand exceeding expectations by 1159 times in Hong Kong and 15 times internationally.

Looking at the company's revenue structure, it generated 7.24 billion yuan in revenue in 2024. However, due to high R&D expenditures, its net profit is currently negative. In 2024, it spent 21.95 billion yuan on R&D. 74% of its employees are R&D personnel.

GLM-5.3 Model

Zhipu AI recently released its GLM-5.3 model as open source. This model stands out in three areas:

Programming Capability: GLM-5.3 has the strongest programming capabilities among open-source models, performing 50% better than GLM-5.2.

Cybersecurity: The model exhibits strong capabilities in code review and vulnerability detection, competing with the best commercial models in this area.

Open Source Strategy: Model weights are released entirely as open source. Commercial use is permitted for companies with annual revenues under $100 billion.

AI Sector and Zhipu

The AI race is accelerating in China. Zhipu AI is a significant player in the growing domestic model ecosystem, supported by the government. Its GLM architecture can run on over 40 domestic chips, giving the company both technological and political advantages.

Globally, the model is evaluated in tests as being on par with major players like Claude Fable 5 and GPT-5.6 Sol.

This information is not investment advice. Do your own research.

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