Zhipu AI market cap tops HK$1 trillion as GLM-5.2 launch sends shares soaring
Chinese AI company Zhipu AI's market capitalisation has topped HK$1 trillion. Shares rose sharply after benchmark results for the GLM-5.2 model and announcements of enterprise licensing deals. The company joins a small handful of Chinese "AI majors" by valuation.
Shares of Chinese AI company Zhipu AI rose sharply on its Hong Kong listing, pushing its market capitalisation above HK$1 trillion. The rally began with the publication of international benchmark results for the firm's new GLM-5.2 large language model.
GLM-5.2's performance on mathematical reasoning and long-context tasks landed close to competitors, accelerating enterprise-customer adoption of the platform. Two new licensing deals with major Chinese banks and a state-owned cloud provider were also disclosed.
Zhipu joins Baidu, Tencent, Alibaba, DeepSeek and Moonshot in the segment of China's "AI majors". Analysts following the stock note that the latest U.S. export-controls retaliation package could give Chinese model developers an opening to gain enterprise market share at home.
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