Chinese AI firm Zhipu AI and chipmaker Iluvatar CoreX Semiconductor saw their shares surge after launching secondary placements to raise HK$31.4 billion and HK$7.1 billion, respectively, for hardware …
Hong Kong stocks fell on Thursday, with the Hang Seng Index down 0.78%, as regional tech volatility offset short covering. Zhipu AI surged over 10% amid easing IPO share unlocking volatility, while Mi…
Zhipu AI, a Beijing-based developer of large language models, priced its share placement at HK$1,588 per share to raise approximately $4 billion, testing investor appetite for Chinese AI stocks after …
Zhipu AI quietly raised the default concurrency limit on its GLM API, allowing developers to run more parallel requests without prior approval. The move addresses developer complaints about severe rat…
Chinese AI company Zhipu AI is seeking to raise approximately $4 billion through a secondary share sale in Hong Kong, following a stock surge of nearly 1,500% since its January IPO. The Tsinghua Unive…
A CTO evaluated four Chinese LLM families—DeepSeek, Qwen, Kimi, and GLM—for production use at scale, finding that DeepSeek V4 Flash offers the best overall value at $0.25/M tokens, while Kimi K2.5 exc…
China is shifting from competing on frontier AI performance to releasing affordable, open-weight AI models for mass adoption, mirroring its strategy in manufacturing. This approach allows global users…
Zhipu AI, the Chinese AI lab behind the GLM series of open-source models, is exploring the development of a custom AI chip to address surging demand and US export controls. The company has initiated e…
Chinese researchers warn that as open-weight AI models like Zhipu AI's GLM-5.2 approach frontier-level capabilities, China may impose stricter regulations similar to US restrictions on Anthropic's Cla…
Hong Kong stocks rebounded on Wednesday as the Hang Seng Index rose 2.4%, led by technology shares, amid easing concerns over lock-up expiries. Knowledge Atlas Technology surged 18% after cornerstone …
A developer tested four Chinese AI models—DeepSeek, Qwen, Kimi, and GLM—across coding, reasoning, creative writing, and Mandarin tasks. DeepSeek V4 Flash emerged as a top pick for its balance of perfo…
Chinese AI models now account for over 30% of weekly token usage among US users on OpenRouter, driven by cost advantages of 60-90% over Western rivals. The surge, led by MiniMax M2.5, Moonshot AI's Ki…
Chinese companies plan to allocate 46% of their AI chip budgets to domestic suppliers within a year, up from 30% currently, according to a Bloomberg Intelligence survey. The shift is driven by U.S. ex…
Hong Kong's stock market faces potential sell-off pressure as lock-up periods end for AI firms Zhipu AI and MiniMax, releasing shares worth US$11.5 billion. Analysts warn of dual selling pressure from…
A developer compared four Chinese AI APIs—DeepSeek, Qwen, Kimi, and GLM—by stress-testing them under production-like workloads. DeepSeek V4 Flash emerged as the top pick for price-to-performance, offe…
Anthropic secretly embedded a tracker in its Claude Code tool to monitor users in China, using 'prompt steganography' to hide code that flagged timezone, proxy, and potential connections to Chinese AI…
Zhipu AI launched ZCode, a development environment powered by its GLM-5.2 model, to compete with Claude Code and OpenAI Codex at a lower cost. New customers receive a free five-day trial with up to 5 …
Chinese AI company Zhipu AI launched ZCode, an autonomous coding agent, on Wednesday, capitalizing on Anthropic's scandal over hidden code in Claude Code that tracked Chinese users. Zhipu offered free…
Palo Alto Networks and CrowdStrike hit all-time highs as investors rotated out of semiconductors into AI-security stocks, driven by Zhipu AI's open-weight model rivaling Anthropic's restricted model a…
Z.ai launched GLM-5.2, the first open-weight model to top the HuggingFace Open LLM Leaderboard and beat proprietary coding products on SWE-bench Verified with a 72.3% score. Trained on Huawei Ascend h…