Prime Highlights
- Chinese artificial intelligence stocks rallied sharply after major companies unveiled upgraded AI models and policymakers signaled stronger support for AI adoption.
- Investor enthusiasm spread across the sector, lifting AI-focused firms even as broader tech giants like Tencent and Alibaba posted declines.
Key Facts
- Zhipu AI’s Hong Kong-listed shares jumped 30%following the launch of its new open-source large language model, GLM-5, while MiniMax shares rose 11% after releasing its updated M2.5 model.
- Shanghai-listed UCloud Tech surged 20%to its daily trading limit, and the Shanghai STAR AI Industry Index gained 7% before trimming gains.
Background
Chinese artificial intelligence stocks rallied sharply on Thursday after several companies launched upgraded AI models and policymakers renewed support for wider AI adoption.
Hong Kong-listed Zhipu AI, trading as Knowledge Atlas Technology, led the surge with a 30% jump in its share price. The rally followed the release of its new open-source large language model, GLM-5, which the company said offers stronger coding abilities and improved long-running agent tasks. Zhipu claimed the model performs close to leading global competitors on coding benchmarks.
MiniMax shares climbed 11% in Hong Kong after the company unveiled its updated M2.5 open-source model. The firm said the new version enhances AI agent tools and supports advanced coding workflows.
The positive momentum spread across the sector. Shanghai-listed UCloud Tech, which provides computing services to Zhipu, surged 20% and hit its daily trading limit. SenseTime gained 5% as investors showed renewed interest in AI software platforms. The Shanghai STAR AI Industry Index rose 1.7% before trimming some gains.
Other Chinese developers also introduced new products. DeepSeek upgraded its flagship model with a larger context window and an updated knowledge base. Ant Group released Ming-Flash-Omni 2.0. It is a multimodal model that can create speech, music, sound effects, and images.
Chinese Premier Li Qiang urged industries to use AI more widely, which helped improve market confidence.
However, major tech companies saw declines. Tencent and Alibaba shares fell, and the Hang Seng Tech Index dropped 1.7%, reflecting mixed trends within the broader technology sector.
