GJKNATL@EC2610A

Beijing Hongzhuang Technology Development Co., Ltd. Changes Shareholder to Zhipei

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

UBOT HOLDING

GOLDENPOWER

DEEPEXI TECH

COSMOS MACH

ASIA PIONEER

POLYFAIR HLDGS

ENTERPRISE DEV

INVESTECH HLDGS

HAO WEN HLDGS

RICH GOLDMAN

00100

02513

KBAB

BABX

Investor frustration is rising as Hong Kong's tech index continues to decline, contrasting sharply with the surge in Chinese AI stocks. The Hang Seng Tech Index has fallen over 30% since its launch in July 2020, primarily due to structural issues and a lack of AI representation. Analysts suggest that the index's heavyweights, like Tencent and Alibaba, are not benefiting from the AI boom, leading to muted earnings growth. Upcoming additions of AI firms Zhipu AI and MiniMax could reshape the index and attract significant investment inflows, potentially improving its performance.

SCMP

MINIMAX-W

KNOWLEDGE ATLAS

KraneShares 2x Long BABA Daily ETF

BABA 2x Long Daily ETF - GraniteShares

Tencent Holdings Limited

BABA-W

Alibaba

Tencent

TENCENT

Chinese AI stocks are surging. So why is Hong Kong’s tech index still falling?

09903

06869

02338

09926

00027

00857

06656

00883

ILUVATAR COREX(09903) rose 20.22%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 287.3%. MINIMAX-W(00100) rose 12.62%, with a trading turnover 1.4 Billion HKD, and a year-to-date rose 386.7%. AKESO(09926) fell 5.89%, with a trading turnover 924.7 Million HKD, and a year-to-date rose 13.1%. GALAXY ENT(00027) fell 2.83%, with a trading turnover 688.9 Million HKD, and a year-to-date fell 15.9%.

Top Gainers&Losers

ILUVATAR COREX

YOFC

WEICHAI POWER

AKESO

GALAXY ENT

PETROCHINA

SIGENERGY

CNOOC

Top 5 HK Stock Gainers/Losers (>100B) (5.4)

06082

00981

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 declined by 1.28%, with a year-to-date increase of 0.6%.  
- The Hang Seng Tech Index fell by 0.79%, accumulating a year-to-date drop of 11.7%.  
- Notable stock movements included Tianze Jichip rising 21.3% and Dongpeng Beverage dropping 9.73%, impacting their year-to-date performance significantly.

BIREN TECH

SMIC

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

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

ICBC

Hang Seng Index

SINOSUN

Hua Hong

SMIC HK SDR 5to1

TENCENT-R

Tencent HK SDR 10to1

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

BABO

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.

YieldMax BABA Option Income Strategy ETF

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

Reuters

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)

智谱

Up 6x in a single quarter, the investor darling and foundation-model poster child—Zhipu—has reported as well.Against such a parabolic stock move, 2H25 performance looks much calmer—but does it even matter?Straight to the point: 1) Revenue: API biz ARR reached RMB 250 mn in Mar.Everything else is minor.Among domestic independent model vendors, $KNOWLEDGE ATLAS(02513.HK) is a pure homegrown LLM player, with talent anchored in universities and a client base largely comprising the Gov. and SOEs on the B2B side.Execution is heavy on on-prem deployment and delivery...

Zhipu: RMB 700mn profit vs. RMB 3.2bn loss? Dream first—fretting over losses is small-minded

GJKNATL@EC2610A(28835.HK)

Chinese AI stocks are surging. So why is Hong Kong’s tech index still falling?

Top 5 HK Stock Gainers/Losers (>100B) (5.4)

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