--- title: "Hong Kong stock movement: HAIZHI TECH GP fell 10.38%, strategic cooperation agreement triggered a market confidence crisis" type: "News" locale: "en" url: "https://longbridge.com/en/news/277146559.md" description: "HAIZHI TECH GP fell 10.38%; MINIMAX-WP fell 9.38%, with a transaction volume of HKD 1.967 billion; Zhipu fell 0.63%, with a transaction volume of HKD 1.442 billion; Dipu Technology rose 0.36%, with a transaction volume of HKD 48.71 million; Chumen Wenwen fell 1.56%, with a market value of HKD 976 million" datetime: "2026-02-27T05:41:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277146559.md) - [en](https://longbridge.com/en/news/277146559.md) - [zh-HK](https://longbridge.com/zh-HK/news/277146559.md) --- # Hong Kong stock movement: HAIZHI TECH GP fell 10.38%, strategic cooperation agreement triggered a market confidence crisis **Hong Kong Stock Movement** HAIZHI TECH GP fell 10.38%. Based on recent key news: 1. On February 24, HAIZHI TECH GP signed a strategic cooperation framework agreement with Zhipu Huazhang, focusing on model training and application scenarios. This move aims to achieve resource complementarity and collaborative development through the technological advantages of both parties, but the market expressed concerns about the framework nature of the agreement, leading to a decline in stock price. Source: Zhitong Finance 2. On February 24, HAIZHI TECH GP announced that the strategic cooperation framework agreement is not legally binding, and specific cooperation businesses need to be negotiated separately. Investors are skeptical about the actual execution effect of the agreement, affecting stock price performance. Source: Viewpoint Network 3. On February 24, the cooperation between HAIZHI TECH GP and Zhipu is considered complementary based on graphic model integration technology and large model capabilities, but the market lacks confidence in the specific details of the cooperation, putting pressure on the stock price. Source: Jinshi Data Artificial Intelligence industry competition intensifies, risks increase. **Stocks with High Trading Volume in the Industry** MINIMAX-WP fell 9.38%. Based on recent key news: 1. On February 27, the stock prices of Hong Kong tech companies rebounded, and AI star MiniMax saw a significant pullback in stock price. After a brief speculative surge in small-cap model companies, funds may return to rational pricing, leading to a decline in stock price. Source: Daily Economic News 2. On February 25, Guotai Junan Securities maintained an "Overweight" rating on MINIMAX-WP, with a target price of HKD 1,012. Despite the positive rating, the market still has concerns about its commercialization progress and technology iteration risks, affecting stock price performance. Source: Zhitong Finance 3. On February 24, Hong Kong's large model concept stocks continued to rise, with MiniMax up 7.85%, but subsequently, the total market value dropped by nearly HKD 100 billion, indicating volatility in market valuation. Source: Zhitong Finance Hong Kong tech stocks see capital inflow, volatility increases. Zhipu fell 0.63%, with a trading volume of HKD 1.442 billion. Based on recent key news: 1. On February 25, the Hong Kong IPO market was hot, with AI companies like Zhipu raising over HKD 5 billion, and the first-day increase exceeded 50%, showing strong market interest and confidence in AI companies. 2. On February 24, Zhipu signed a strategic cooperation framework agreement with HAIZHI TECH GP, focusing on model training and industrial scenario implementation, promoting deep integration of technology and market, enhancing market competitiveness. 3. On February 24, CICC gave Zhipu an "Outperform" rating for the first time, with a target price of HKD 688, expecting significant revenue growth in the coming years, boosting investor confidence. The AI industry is active in financing, with high market attention. Dipu Technology rose 0.36%, with a trading volume of HKD 48.71 million, with no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and specific reasons need further observation **Stocks Ranked Among the Top by Market Capitalization in the Industry** Out of the Door, down 1.56%, with a market capitalization of HKD 976 million, there have been 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 - [The most 'ethical' AI company might also be the web's biggest freeloader](https://longbridge.com/en/news/282439953.md) - [Manoj Parasa Secures UK Patent for AI Employee Management System](https://longbridge.com/en/news/282434264.md) - [1 wrong way to think about the AI boom right now](https://longbridge.com/en/news/282438735.md) - [Joy Spreader Group Partners With Volcano Engine on AI Implementation](https://longbridge.com/en/news/282471316.md) - [Inkeverse's Deposit to Skywork AI Investment Returned While Deal Awaits Approval](https://longbridge.com/en/news/282477185.md)