Zhipu AI market cap tops HK$1 trillion as shares of GLM-5.2 developer soar

Zhipu AI market cap tops HK$1 trillion as shares of GLM-5.2 developer soarNew model ranks second globally on Code Arena list for front-end web development tasks, trailing only Anthropic flagship Claude Fable 51-MIN READ1-MIN0ListenPublished: 10:32am, 22 Jun 2026The market capitalisation of Hong Kong-listed Artificial Intelligence pioneer Zhipu AI surpassed HK$1 trillion (US$128 billion) on Monday, fuelled by investor optimism as the company goes head-to-head with its American rivals.Shares of Zhipu, which trades under the name Knowledge Atlas Technology, skyrocketed as much as 42 per cent on Monday morning to a peak of HK$2,980.The surge follows the release of Zhipu’s open-source GLM-5.2 model last week. Featuring a massive 1-million-token context window, the new model ranked second globally as of Monday on the Code Arena list for front-end web development tasks, trailing only Anthropic’s flagship Claude Fable 5.Select VoiceSelect Speed0.8x0.9x1.0x1.1x1.2x1.5x1.75x00:0000:001.00x