Chinese AI Stocks Rally on Zhipu’s GLM-5 Launch, Fueling Sector Optimism
Hong Kong-listed Zhipu AI ignited a surge in Chinese artificial intelligence stocks with the debut of its GLM-5 model, an open-source large-language framework boasting enhanced coding capabilities. The company's shares skyrocketed 30% to HK$405, while rival MiniMax gained 13.7% following its concurrent release of the upgraded M2.5 model.
Market sentiment cascaded across the sector, lifting even legacy players like SenseTime, which climbed 6.8% as it pivots from facial recognition to AI platforms. Benchmark tests suggest GLM-5 now challenges Anthropic's Claude Opus 4.5 in coding tasks and occasionally surpasses Google's Gemini 3 Pro—a milestone underscoring China's accelerating parity with Western AI development.