BPKNATL@EC2611A

Time Magazine Releases Top 10 Most Influential AI Companies of 2026

Zhipu Discloses GLM-5 Series Coding Agent Inference Technology, Performance Improved by 132%

Sanqi Interactive Reports Q1 Earnings and Analyzes AI Investment Returns

Zhipu AI Selected as One of the 10 Most Influential AI Companies by Time Magazine

JPMorgan Maintains Overweight Rating on Zhigu AI, Predicts Stock Price Increase

Zhipu Acquires Diamond Building Property

UBS Analysts Release Buy Rating for Zhìpǔ Technology H-Share

AI application 概念股 rise, DeepSeek initiates first external equity financing

Intelligent Spectrum Aims to Acquire Beijing Hongzhuang Technology Development Co., Ltd.

Zhipu Revenue Reached RMB 724 Million in 2025

Zhipu to acquire 100% equity of Red Diamond Technology Beijing for up to 361 million yuan

Zhips AI AutoClaw Launches Self-Evolution Mechanism and Skill Store

Zhipu Acquires Diamond Plaza for Its Own Use

Zhi 谱 Acquires An 狮 Red Diamond Property for Daily Needs

ZhiPu Technology to Acquire 100% Shares of Beijing Hongzhuan Technology Development Co., Ltd. for Up to RMB 360.52 Million

Zhipu Announces Price Hike for GLM-5.1, Shares Rise for Three Consecutive Days, Market Cap Surpasses $513 Billion

Anthropic Releases New AI Model Claude Mythos Without Public Release

Taichi Yuanqi Completes Just-In-Time Adaptation for Zhispu GLM-5.1

CITICS Securities Gives a Buy Rating to Zhìpǔ for the First Time

Huawei Cloud Launches GLM-5.1 Model by Smart Spectrum

CH GOLD CLASSIC

STARGLORY HLDGS

CHI HO DEV

VSING

CENTRALCHINA MT

RIMBACO

CHINA PARTYTIME

CHINA CBM

ZXZN QI-HOUSE

HANVEY GROUP

09903

06082

00981

02338

02513

06869

09980

01888

09866

00501

ILUVATAR COREX(09903) rose 21.3%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 222.1%. BIREN TECH(06082) rose 8.22%, with a trading turnover 431.3 Million HKD, and a year-to-date rose 137.8%. YOFC(06869) fell 13.78%, with a trading turnover 7.4 Billion HKD, and a year-to-date rose 284.9%. EASTROC(09980) fell 9.73%, with a trading turnover 140.2 Million HKD, and a year-to-date fell 18.5%.

- The Hang Seng Index fell by 1.28%, with a year-to-date increase of 0.6%.  
- The Hang Seng Tech Index declined by 0.79% and is down 11.7% for the year.  
- Notably, Tianzu Zhi Xin (09903) rose by 21.3%, while Wallran Technology (06082) increased by 8.22%, and Changfei Fiber Optic Cable (06869) dropped by 13.78%.

Top Gainers&Losers

ILUVATAR COREX

BIREN TECH

SMIC

WEICHAI POWER

KNOWLEDGE ATLAS

YOFC

EASTROC

KB LAMINATES

NIO-SW

OMNIVISION

Top 5 HK Stock Gainers/Losers (>100B) (4.30)

KNOWLEDGE ATLASsaw a stock price increase of over 7% after announcing a technical breakthrough in its GLM-5 model. The stock opened 2.9% higher and reached an intraday high of HKD891, closing at HKD875, up 7.16%. The breakthrough involves a significant increase in system throughput by 132% and a reduction in abnormal output rates. Short selling amounted to $30.70M with a ratio of 3.150%.

AASTOCKS News

KNOWLEDGE ATLAS  Extends Rally Over 7% as It Unveils GLM-5 Model Technical Breakthrough for First Time

01347

Hong Kong stocks faced pressure during the midday session, with all three major indices collectively declining. Technology and large-cap blue chips generally adjusted, but the semiconductor chip sector stood out, attracting structural capital attention. Leading companies such as Tianzu Zhixin, Huahong Semiconductor, and SMIC performed impressively, with the market continuing to buy into the high prosperity of the industry chain. The focus of funds shifted from large-cap internet sectors to high-growth and computing-related companies, resulting in active trading.

At the same time, the Hong Kong stock market has recently been highly attentive to external import and export data and macro expectations, with capital flows and sector rotations accelerating, reflecting investors' high sensitivity to performance growth and high prosperity themes

Market Pulse

HUA HONG SEMI

TRACKER FUND

CSOP HS TECH

HSCEI ETF

Alphabet

Alphabet - C

TENCENT

BABA-W

XIAOMI-W

BYD COMPANY

TIANNENG POWER

GIGADEVICE

Samsung Electronics 

XIZHI TECH-P

KUAISHOU-W

MEITUAN

BILIBILI-W

Bilibili

JD-SW

JD.com

BIDU-SW

Baidu

CHINA LIFE

China Life

PETROCHINA

ICBC

Hang Seng Index

SINOSUN

Hua Hong

SMIC HK SDR 5to1

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

Alibaba

BABA-WR

Alibaba HK SDR 5to1

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

Samsung Electronics Co., Ltd. Sponsored GDR

KUAISHOU-WR

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

JD-SWR

BIDU-SWR

PetroCN HK SDR 1to2

Hong Kong Stock Midday Review | The Hang Seng Index fluctuates lower with technology stocks broadly declining, while semiconductor stocks rise against the trend

BABA

KBAB

BABO

BABX

Three Chinese companies, Alibaba, ByteDance, and Zhipu AI, have been recognized in Time magazine's inaugural AI A-list, highlighting their influence in the AI sector. Alibaba's open-source models have gained significant traction, while Zhipu AI has made headlines as the first Chinese large language model developer to go public. ByteDance has achieved mass adoption with its Doubao assistant. The list underscores the contrasting strategies between Chinese firms focusing on open models and US companies prioritizing integrated ecosystems, amidst a growing global competition in AI technology.

SCMP

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

China’s Alibaba, ByteDance and Zhipu AI make the cut on Time’s first AI A-list

00100

Reuters

MINIMAX-W

CSI 300

Hang Seng TECH Index

NANHUA FUTURES

Bank of America

Meta Platforms

CATL

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

CATL HK SDR 30to1

China and Hong Kong stocks drop as markets struggle for direction

02359

01898

02714

06288

03750

09660

01378

02333

WUXI APPTEC(02359) rose 13.57%, with a trading turnover 3.0 Billion HKD, and a year-to-date rose 45%. KB LAMINATES(01888) rose 7.35%, with a trading turnover 1.9 Billion HKD, and a year-to-date rose 170.1%. KNOWLEDGE ATLAS(02513) fell 12.52%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 588.5%. CATL(03750) fell 6.88%, with a trading turnover 9.3 Billion HKD, and a year-to-date rose 26.4%.

WUXI APPTEC

CHINA COAL

MUYUAN

FAST RETAIL-DRS

HORIZONROBOT-W

CHINAHONGQIAO

GWMOTOR

Top 5 HK Stock Gainers/Losers (>100B) (4.28)

02656

02637

01361

02650

06166

03317

00679

01057

02315

160 HEALTH(02656) fell 22.67%, with a trading turnover 671.5 Million HKD, and a year-to-date fell 60.5%. HAIXI PHARMA(02637) fell 21.01%, with a trading turnover 418.0 Million HKD, and a year-to-date rose 63.1%. 361 DEGREES(01361) fell 20.52%, with a trading turnover 978.7 Million HKD, and a year-to-date fell 9.2%.

160 HEALTH

HAIXI PHARMA

361 DEGREES

ZHIDA TECH

XUNCE

ASIA TELE-NET

ZHEJIANG SHIBAO

BIOCYTOGEN-B

Top 10 HK Stock Losers (4.28)

KNOWLEDGE ATLAS fell 10.99%; MINIMAX-W fell 3.53%, with a transaction volume of HKD 707 million; Dipu Technology fell 7.22%, with a transaction volume of HKD 312 million; Jiview fell 4.78%, with a transaction volume of HKD 52.46 million; Haizhi Technology Group fell 3.55%, with a market value of HKD 18.7 billion

HK Stock Alerts

Hong Kong stock movement: KNOWLEDGE ATLAS falls nearly 11%! The release of DeepSeek V4 triggers market panic, JP Morgan calls it an overreaction

Morgan Stanley anticipates that the annual recurring revenue (ARR) for frontier models will reach at least USD 1 billion by year-end, driven by advancements in US computing power and Chinese engineering efficiency. The firm raised price targets for MiniMax and Zhipu, forecasting significant growth in the sector. By 2026, ARR could reach USD 1 billion to USD 1.5 billion, expanding to USD 2.5 billion to USD 5 billion by 2027. Key picks include MiniMax, Zhipu, and Alibaba, with increased valuations in both bull and bear scenarios.

- Morgan Stanley's report indicates that foundation models are growing due to US computing power and China's engineering efficiency.  
- The firm anticipates annual recurring revenue (ARR) for frontier models to reach USD 1 billion to USD 1.5 billion by the end of 2026, potentially expanding to USD 2.5 billion to USD 5 billion by the end of 2027.  
- Key stock picks include MiniMax, Zhipu, and Alibaba, with upgraded target prices reflecting increased valuations in both base and bull cases.

Morgan Stanley

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

M Stanley Expects Frontier Models ARR to Reach at Least USD1B by Year-end, Raises TPs on MiniMax  and Zhipu

BPKNATL@EC2611A(28650.HK)

Top 5 HK Stock Gainers/Losers (>100B) (4.30)

KNOWLEDGE ATLAS Extends Rally Over 7% as It Unveils GLM-5 Model Technical Breakthrough for First Time

Hong Kong Stock Midday Review | The Hang Seng Index fluctuates lower with technology stocks broadly declining, while semiconductor stocks rise against the trend

China’s Alibaba, ByteDance and Zhipu AI make the cut on Time’s first AI A-list

China and Hong Kong stocks drop as markets struggle for direction