JPKNATL@EC2610F

Artificial Analysis Releases Coding Agent Benchmark

Zhipu Acquires Beijing Hongzuan Technology Development Co., Ltd. and Diamond Tower for 445 Million Yuan

Total valuation of China's Four AI Giants exceeds 1 Trillion Yuan

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

HINSANG GROUP

RIVERINE CHINA

PASHUN INT RTS

BRAINAURORA-B

SOFTMEDX

GOLDENPOWER

ZHONGKE GROUP

VISION SYNERGY

GEMILANG INTL

GHPC

01339

06099

01698

00883

01766

02513

00100

06656

01772

03296

PICC GROUP(01339) rose 7.41%, with a trading turnover 822.3 Million HKD, and a year-to-date fell 16.3%. CMSC(06099) rose 6.48%, with a trading turnover 275.5 Million HKD, and a year-to-date rose 6%. KNOWLEDGE ATLAS(02513) fell 9.41%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 786.4%. MINIMAX-W(00100) fell 7.19%, with a trading turnover 612.5 Million HKD, and a year-to-date rose 350%.

Top Gainers&Losers

PICC GROUP

CMSC

TME-SW

CNOOC

CRRC

KNOWLEDGE ATLAS

MINIMAX-W

SIGENERGY

GANFENGLITHIUM

HUAQIN

Top 5 HK Stock Gainers/Losers (>100B) (5.19)

03336

07666

08299

02565

03317

01879

02577

02218

02585

JU TENG INTL(03336) fell 25.93%, with a trading turnover 184.1 Million HKD, and a year-to-date rose 40.2%. METIS TECHBIO-P(07666) fell 14.13%, with a trading turnover 177.5 Million HKD, and a year-to-date rose 91%. GT GOLD(08299) fell 11%, with a trading turnover 24.9 Million HKD, and a year-to-date fell 12.7%.

JU TENG INTL

METIS TECHBIO-P

GT GOLD

PEGBIO CO-B

XUNCE

XIZHI TECH-P

INNOSCIENCE

ANDRE JUICE

MOKINGRAN

Top 10 HK Stock Losers (5.19)

KNOWLEDGE ATLAS fell 10.99%; MINIMAX-W fell 7.56%, with a transaction volume of HKD 452 million; Dipu Technology rose 0.39%, with a transaction volume of HKD 347 million; Jisijiao rose 4.14%, with a transaction volume of HKD 29.89 million; Haizhi Technology Group rose 0.95%, with a market value of HKD 23.5 billion

HK Stock Alerts

DEEPEXI TECH

EXTREME VISION

HAIZHI TECH GP

Hong Kong stock movement: KNOWLEDGE ATLAS down 10.99%, can JP Morgan's upgraded rating reverse market sentiment?

KNOWLEDGE ATLAS fell 10.47%; MINIMAX-W fell 7.50%, with a transaction volume of HKD 228 million; Dipu Technology rose 0.31%, with a transaction volume of HKD 219 million; Haizhi Technology Group rose 0.77%, with a transaction volume of HKD 16.19 million; Jivision rose 2.04%, with a market value of HKD 11.3 billion

Hong Kong stock movement: KNOWLEDGE ATLAS falls over 10%, JP Morgan report raises market concerns, future profitability becomes the focus

02476

03986

06869

06613

02015

01209

09926

00175

01109

KNOWLEDGE ATLAS(02513) rose 9.33%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 878.5%. VGT(02476) rose 8.47%, with a trading turnover 2.7 Billion HKD, and a year-to-date rose 75.7%. LI AUTO-W(02015) fell 14.15%, with a trading turnover 3.6 Billion HKD, and a year-to-date rose 0.1%. CHINA RES MIXC(01209) fell 6.19%, with a trading turnover 346.3 Million HKD, and a year-to-date rose 6.7%.

- The Hang Seng Index decreased by 1.11%, with a year-to-date increase of 0.2%.  
- The Hang Seng Tech Index fell by 1.95%, reflecting a year-to-date decline of 12.2%.  
- Notable stock movements include Zhizhu's 9.33% increase and an 878.5% cumulative rise for the year, alongside Lixiang Auto's 14.15% drop with minimal year-to-date growth.

GIGADEVICE

YOFC

Lens

LI AUTO-W

CHINA RES MIXC

AKESO

GEELY AUTO

CHINA RES LAND

Top 5 HK Stock Gainers/Losers (>100B) (5.18)

Yesterday's closing saw a significant pullback in the stock price of KNOWLEDGE ATLAS, which briefly touched an intraday high of HKD 1,229 before ultimately closing at HKD 1,090, down 5.22% from the previous trading day, with an intraday volatility of up to 13.8%. Despite the weakening closing price, the MACD on the daily chart confirmed a bullish signal above the zero line, which typically indicates that the medium-term trend remains strong, and the short-term pullback appears to be a rhythmic fluctuation triggered by profit-taking. The trading volume reached approximately HKD 1.852 billion, ranking among the top in the market, with intense capital competition. After a gap up at the opening, selling pressure quickly suppressed the price, significantly amplifying the long-short divergence at high levels. On the news front, the global AI large model sector continues to heat up. Recently, Alibaba and Tencent both released their financial reports on the same day, emphasizing their investments in AI and commercialization progress, with Alibaba Cloud targeting AI revenue of HKD 30 billion by the end of the year, and Tencent quantifying its AI cost investments for the first time. As one of the leading large model companies in China, KNOWLEDGE ATLAS's valuation logic in the AI foundational model field is highly correlated with these tech giants. Additionally, external catalysts such as U.S. President Trump's visit to China and NVIDIA's upcoming financial report are continuously boosting the overall enthusiasm in the AI sector, but the short-term gains have led some funds to choose to cash out at high levels. From a technical perspective, KNOWLEDGE ATLAS opened at HKD 1,135, lower than yesterday's close of HKD 1,150, indicating a weak opening, and after dipping to a low of HKD 1,070 during the day, it stabilized somewhat, suggesting that there is a certain level of support in the HKD 1,070-1,090 range. If the subsequent trading days can stabilize above HKD 1,070 with reduced volume and close with a bullish candle, it is expected to confirm the effectiveness of short-term support

Technical Forecast

BABA-W

Alibaba

TENCENT

NVIDIA

BABA-WR

Alibaba HK SDR 5to1

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

NVIDIA Corporation

Pre-market trend | KNOWLEDGE ATLAS (2513.HK) on 5/14 saw a huge volume spike followed by a pullback, are the bullish signals reliable?

NVDA

588780

SOXL

NVDU

NVDL

512760

512720

07388

07788

NVDX

512480

Zhipu's shares surged nearly 900% since its IPO, driven by optimism around Nvidia's CEO Jensen Huang's visit to China, which raised hopes for better access to advanced chips. MiniMax also saw an 18% rise. Analysts suggest this could lead to negotiations for Nvidia supplying China, despite a complex policy backdrop. Zhipu's AI model ranked fifth globally, enhancing its market position.

- Chinese AI model developers are gaining attention following Nvidia CEO Jensen Huang's appearance at President Trump's Beijing visit, sparking optimism about access to advanced Nvidia chips.  
- MiniMax Group Inc. and Zhipu's stocks surged due to expectations that this signifies potential access to better semiconductors essential for China's AI ambitions.  
- Despite the excitement, access to Nvidia's advanced chips remains a critical challenge amidst a complex policy backdrop regarding semiconductor exports to China.

GuruFocus

GTJA Allianz SSE STAR Chip Design Thematic ETF

Direxion Semicon Bull 3X

Direxion Daily NVDA Bull 2X Shares

GraniteShares 2x Long NVDA Daily ETF

Guotai CES Semiconductor Chip Industry ETF

Guotai CSI Computer Theme ETF

XI2CSOPNVDA

XL2CSOPNVDA

T-Rex 2X Long NVIDIA Daily Target ETF

iShares Semiconductor ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

VanEck Semiconductor ETF

OpenAI

Nvidia China Optics Send Zhipu Shares Up Nearly 900% Since IPO

NVDY

NVDD

NVDQ

Trump has invited Nvidia CEO Jensen Huang to join a CEO delegation to a high-stakes summit in Beijing, emphasizing the tech firm's significance. Discussions will focus on AI chip market access, semiconductor export restrictions, and the delicate U.S.-China trade truce, along with sales of aircraft and agricultural products. The summit will also address geopolitical issues, including the Iran war and U.S. arms sales to Taiwan, reflecting the broader economic and political pressures influencing both leaders' agendas.

- Trump invited Nvidia's Jensen Huang to join a CEO delegation to Beijing, indicating the company's significance in strategic tech discussions.  
- The talks will focus on AI chip market access, semiconductor export restrictions, and the delicate U.S.-China trade truce, in addition to discussions about aircraft and agricultural sales.  
- The summit will also address the Iran conflict, U.S. arms sales to Taiwan, and the economic and political challenges impacting both nations' leaders.

YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

Trump brings Nvidia CEO to high-stakes Beijing summit

06809

02601

00981

09696

KNOWLEDGE ATLAS(02513) rose 36.9%, with a trading turnover 3.6 Billion HKD, and a year-to-date rose 889.7%. MONTAGE TECH(06809) rose 21.31%, with a trading turnover 2.7 Billion HKD, and a year-to-date rose 368.7%. GEELY AUTO(00175) fell 5.23%, with a trading turnover 2.5 Billion HKD, and a year-to-date rose 19.4%. GANFENGLITHIUM(01772) fell 3.96%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 54%.

- The Hang Seng Index rose by 0.15%, with a year-to-date increase of 3%.  
- The Hang Seng Tech Index increased by 0.46%, but has seen a year-to-date decline of 7.7%.  
- Notable stock performances include Zhicheng (02513) up 36.9%, with a total increase of 889.7% for the year, while Geely Auto (00175) fell by 5.23%, reflecting a year-to-date increase of 19.4%.

MONTAGE TECH

CPIC

SMIC

TIANQI LITHIUM

Top 5 HK Stock Gainers/Losers (>100B) (5.13)

03200

00679

02339

03898

02650

KNOWLEDGE ATLAS(02513) rose 36.9%, with a trading turnover 3.6 Billion HKD, and a year-to-date rose 889.7%. HANS CNC(03200) rose 30.91%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 94.5%. XUNCE(03317) rose 23.88%, with a trading turnover 2.0 Billion HKD, and a year-to-date rose 460.8%.

HANS CNC

ASIA TELE-NET

BWI INT'L

TIMES ELECTRIC

ZHIDA TECH

Top 10 HK Stock Gainers (5.13)

智谱

Financial Analysis

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...

ZHIHU-W

Zhihu

Minim

FiEE

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

Conference Minutes

Below is Dolphin Research's Trans of Zhipu's FY2025 earnings call. I. Core financial highlights.1) Rapid revenue growth: FY2025 revenue reached RMB 724 mn (+132% YoY). The cloud open platform and API businesses accounted for 26.3% of total revenue.2) API ARR inflection: As of Mar 2026, API ARR reached $250 mn, up 60x over the past 12 months. Pricing per API call rose 83% vs. Dec 2025, with demand increasing after the price hike...

Alphabet - C

Alphabet

Zhipu (Trans): Tech-Driven, Focus on Advancing the Model Frontier

Powell may not have an FOMC talk, but his recent QnA at a University sparks interests and influenced the market. A simple comment that inflation outlook in check and there's no need to hike rates due to oil shock has the market reacting positively. Let's see how the situation pans out in the next few weeks

🇺🇸🇭🇰🇸🇬 Big moves across US, HK, SG markets. Join the chat &amp; earn Task Coins!

JPKNATL@EC2610F(29318.HK)

Top 5 HK Stock Gainers/Losers (>100B) (5.19)

Top 10 HK Stock Losers (5.19)

Hong Kong stock movement: KNOWLEDGE ATLAS down 10.99%, can JP Morgan's upgraded rating reverse market sentiment?

Hong Kong stock movement: KNOWLEDGE ATLAS falls over 10%, JP Morgan report raises market concerns, future profitability becomes the focus

Top 5 HK Stock Gainers/Losers (>100B) (5.18)