Chinese AI Stocks Surge on Major Tech Updates
Chinese AI stocks rallied sharply this week following significant product updates from key players. Zhipu AI, trading as Knowledge Atlas Technology in Hong Kong, soared nearly 30% to HK$405 after launching GLM-5—a versatile model capable of coding and extended task management. The company claims its new tool rivals Anthropic's Claude Opus 4.5 in coding benchmarks and outperforms Google's Gemini 3 Pro in select areas, though independent verification remains pending.
MiniMax shares climbed 13.7% to HK$70.5 after debuting its M2.5 model, marketed as an enhanced solution for coding and agentic workflows. The bullish sentiment extended to infrastructure providers like UCloud Tech, which hit its 20% daily limit-up in Shanghai, while SenseTime's pivot from surveillance tech to AI platforms delivered a 6.8% gain.
Market momentum reflects enduring confidence in China's AI sector despite global macroeconomic uncertainty. The updates from Zhipu and MiniMax follow broader industry activity, including model upgrades from DeepSeek, Ant Group, and ByteDance—though details of these developments remain incomplete at press time.
