TECH

New Model Sends Zhipu AI’s Stock Soaring

Published: Jun. 16, 2026 5:58 p.m. GMT+8

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Hong Kong-listed shares of Zhipu AI soared on Monday after the Chinese artificial intelligence company released its most powerful large language model which will be available to all users of its new GLM Coding Plan subscription.

The stock surged as much as 48% to HK$1,620 ($207) in morning trading and ended the day up 32.8% at HK$1,457, as the firm’s rollout of the GLM-5.2 model coincided with Washington’s abrupt order to suspend top U.S. models overseas.

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Zhipu AI's stock surged up to 48% after releasing its most powerful LLM, GLM-5.2, with a 1-million-token context window.
The firm reported 724 million yuan in 2025 revenue (up 132% YoY), with 73.7% from government and financial clients.
Zhipu AI plans a secondary listing on Shanghai's STAR Market to raise 15 billion yuan.

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Zhipu AI: Zhipu AI is a Chinese artificial intelligence company whose Hong Kong-listed shares surged after releasing its powerful GLM-5.2 model. It generated 724 million yuan ($106 million) in 2025 revenue, up 132% year-on-year, targeting financial and government clients. The firm is considering a secondary listing on Shanghai's STAR Market.

DeepSeek: DeepSeek is a Chinese AI company behind DeepSeek-V4, a top-tier large language model with a million-token context window, matching rivals like Zhipu's GLM-5.2. It competes in China's AI market.

Xiaomi Corp.: Xiaomi Corp. is mentioned in the article as having an AI model called MiMo-V2.5, which matches top domestic rivals like Zhipu AI's GLM-5.2 and DeepSeek-V4. This model features a 1-million-token context window, positioning Xiaomi competitively in China's AI landscape.

Alibaba Group Holding Ltd.: Alibaba Group Holding Ltd. is a Chinese multinational technology company. Its large language model, Qwen3.7-Max, features a 1-million-token context window, matching top domestic rivals like Zhipu AI's GLM-5.2 and DeepSeek-V4 in AI capabilities.

MiniMax: MiniMax is a Chinese AI company mentioned in the article as a domestic rival to Zhipu AI. Its model, MiniMax-M3, features a 1-million-token context window, matching the capacity of Zhipu's new GLM-5.2 model. This places MiniMax among top competitors like DeepSeek, Xiaomi, and Alibaba.

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