Zhipu AI has completed 100% acquisition of Beijing Hongzuan Technology, acquiring the Diamond Building in Zhongguancun Software Park with a total cost not exceeding 361 million yuan (including 81.62 million yuan for equity acquisition and 278.9 million yuan for debt assumption), marking the completion of the transfer of this headquarters property. According to business registration information, Beijing Hongzuan Technology mainly operates in property management. The core asset of this transaction is the Diamond Building located on Dongbei Wangxi Road in Haidian.

The building has a total construction area of about 22,700 square meters, located in the core area of Zhongguancun Software Park, surrounded by tech giants such as Baidu, Tencent, and Lenovo. Zhipu AI stated that the acquisition aims to meet the operational and administrative needs of its large model business, support long-term strategy with the potential value of the property, optimize the asset structure, and enhance risk resistance capabilities.

As the "world's first large model stock" listed on the Hong Kong stock market in January 2026, Zhipu AI's stock price was at 918 HKD as of May 8, having risen more than 8 times from the issue price. According to the 2025 financial report, revenue reached 724 million yuan, an increase of 131.9% year-on-year, while adjusted net loss amounted to 3.182 billion yuan; in the first quarter, API call volume increased by 400%, pricing rose by 83%, and the GLM model has been deployed on global cloud platforms such as AWS and Google; in April, the GLM-5.1 achieved the first time a domestic model surpassed Opus4.6 in the SWE-bench Pro test.

This land acquisition aligns with the trend of technology companies like ByteDance and JD.com focusing on heavy asset investment. Analysts believe that as new productive forces in fields such as large models and hard technology accelerate their rise, the main players driving the "scanning buildings" trend are evolving. Zhipu AI's asset placement may indicate that large model companies are shifting from lightweight operations to a dual-driven strategy of "technology + assets," offering a new model reference for AI industry clustering in core cities.