Zhipu (2513.HK) climbed 4.7% in Hong Kong trading to HK$1,071, hitting an intraday high of HK$1,080.
The move came as the company launched its next-generation GLM-5.3 foundation model API this week, integrating it with the National Supercomputing Internet and Alibaba's Qwen AI platform, showcasing strengths in complex coding and cybersecurity. Citi maintained an outperform rating with a target price of HK$2,061.
Goldman Sachs expects Zhipu to meet inclusion criteria for the Hang Seng Index following today's quarterly review announcement. Southbound capital has net bought approximately HK$3.5 billion over the past three sessions, signaling sustained interest in the AI leader.