--- title: "Hong Kong stock movement: HAIZHI TECH GP fell 10.58%, strategic cooperation agreement raises market concerns and profitability doubts" type: "News" locale: "en" url: "https://longbridge.com/en/news/277127545.md" description: "HAIZHI TECH GP fell 10.58%; MINIMAX-WP fell 8.31%, with a transaction volume of HKD 475 million; Zhipu fell 6.92%, with a transaction volume of HKD 201 million; DPU Technology rose 0.99%, with a transaction volume of HKD 5.43 million; Mobvoi rose 1.56%, with a market value of HKD 1.007 billion" datetime: "2026-02-27T01:47:26.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277127545.md) - [en](https://longbridge.com/en/news/277127545.md) - [zh-HK](https://longbridge.com/zh-HK/news/277127545.md) --- # Hong Kong stock movement: HAIZHI TECH GP fell 10.58%, strategic cooperation agreement raises market concerns and profitability doubts **Hong Kong Stock Movement** HAIZHI TECH GP fell 10.58%. Based on recent news, 1. On February 24, HAIZHI TECH GP signed a strategic cooperation framework agreement with Zhipu Huazhang. The two parties will collaborate in areas such as model training and application scenarios, leveraging their respective technological advantages and industry experience to achieve resource complementarity and collaborative development. Despite the promising cooperation outlook, the market expressed concerns about the framework nature and non-binding nature of the agreement, leading to a decline in stock price. 2. On February 24, HAIZHI TECH GP announced that it focuses on developing the Atlas graph solution and industry-level intelligent agents through graph-model fusion technology, and provides industry-level artificial intelligence solutions. Despite the company's strong technological capabilities, the market remains skeptical about its future profitability and the specific implementation of cooperation details, further exacerbating stock price volatility. 3. On February 24, HAIZHI TECH GP announced on the Hong Kong Stock Exchange that the strategic cooperation framework agreement with Zhipu Huazhang is a framework cooperation document, and specific cooperation businesses will be negotiated separately by both parties and signed in specific agreements. The market holds a wait-and-see attitude towards the specific implementation and actual effects of the agreement, leading to pressure on the stock price. The market's doubts about the specific implementation of the framework agreement have caused stock price fluctuations. **Stocks with High Trading Volume in the Industry** MINIMAX-WP fell 8.31%. Based on recent key news: 1. On February 24, Hong Kong stock large model concept stocks continued to rise, with MiniMax showing significant gains, but then the market capitalization retracted, indicating a re-evaluation of its valuation by the market. Zhipu rose 20.89%, with a total market capitalization of HKD 301.8 billion; MiniMax rose 7.85%, with a total market capitalization of HKD 284.3 billion. Source: Zhitong Finance 2. On February 25, Guotai Junan Securities maintained an "Overweight" rating on MINIMAX-WP, with a target price of HKD 1,012. The firm believes that the release of the M2.5 flagship model serves as a strong catalyst, achieving a dual improvement in technical capabilities. Source: Zhitong Finance 3. On February 26, after a brief speculative surge in small-cap model companies, funds may return to rational pricing. The stock prices of large technology companies in Hong Kong rebounded, while AI star MiniMax saw a significant price retraction. Source: Daily Economic News, Hong Kong technology stock valuations are approaching historical lows. Zhipu fell 6.92%, with a trading volume of HKD 201 million. Based on recent key news: 1. On February 25, Zhipu signed a strategic cooperation agreement with HAIZHI TECH, focusing on model training and industrial scenario implementation, driving stock price fluctuations. Source: Hong Kong Stock Exchange announcement 2. On February 24, Zhipu performed strongly in the Hong Kong stock market, with a peak increase of 20.89%, but then retreated. Source: Economic Information Daily 3. On February 24, Zhipu was given an "Outperform" rating for the first time by CICC, with a target price of HKD 688, raising market expectations. Source: CICC Research Report, the Hong Kong IPO market is hot, and AI companies are receiving attention Dipu Technology, up 0.99%, with a transaction amount reaching HKD 5.43 million, has no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks ranked among the top in industry market capitalization** Out of the question, up 1.56%, with a market capitalization of HKD 1.007 billion, has no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation ### Related Stocks - [02706.HK](https://longbridge.com/en/quote/02706.HK.md) ## Related News & Research - [US president Trump reaffirms blockade on Iranian ports starting from later today](https://longbridge.com/en/news/282486745.md) - [Keppel and Midea to collaborate on AI-enabled modular cooling solutions opportunities](https://longbridge.com/en/news/282548556.md) - [Bengal SIR: Logical discrepancy not recognised term under EC, says Mamata](https://longbridge.com/en/news/282657696.md) - [Tencent Music Entertainment Group (NYSE:TME) Valuation Check As Options Volatility Climbs And Analyst Caution Grows](https://longbridge.com/en/news/282441633.md) - [CBP: Tariff refund process will take 60-90 days to issue returns](https://longbridge.com/en/news/282570438.md)