Today marks the first trading day of the lunar Year of the Horse in the Hong Kong stock market. While the overall market trend remains weak, the AI large model sector has shown vigorous vitality. Zhipu and MINIMAX, two leading companies, saw their stock prices rise significantly, becoming the focus of the market.
The leading company in large models, Zhipu, experienced a surge today, with its closing price rising by 42.72%, ending at 725 HKD, and its total market capitalization breaking through 323.2 billion HKD.

Interestingly, on the same day, another major large model company, MINIMAX, also performed well, with its stock price rising by 12% to 957 HKD, and its market capitalization also surpassing 300 billion HKD, joining Zhipu as shining stars in the Hong Kong stock market.
Zhipu's significant rise today was not accidental. On February 12, Zhipu launched its next-generation flagship model GLM-5, which expanded the parameter scale from 355B to 744B, improved programming performance by over 20% compared to the previous generation, and achieved the best results in three Agent evaluations in the open-source field.
In addition, Zhipu simultaneously increased the price of its programming packages by 30% or more. After the new packages were launched, they sold out quickly, marking the first time that paid packages of domestic AI programming models were sold out, fully demonstrating the market's high recognition of its products.
