{"slug": "zhipu-ai-market-cap-tops-hk-1-trillion-as-shares-of-glm-5-2-developer-soar", "title": "Zhipu AI market cap tops HK$1 trillion as shares of GLM-5.2 developer soar", "summary": "Zhipu AI's market capitalization surpassed HK$1 trillion on Monday after shares surged up to 42%, driven by the release of its open-source GLM-5.2 model, which ranks second globally on the Code Arena list for front-end web development tasks, trailing only Anthropic's Claude Fable 5.", "body_md": "Advertisement\n\n# Zhipu AI market cap tops HK$1 trillion as shares of GLM-5.2 developer soar\n\nNew model ranks second globally on Code Arena list for front-end web development tasks, trailing only Anthropic flagship Claude Fable 5\n\n1-MIN READ1-MIN\n\nListen\n\n[Coco Feng](/author/coco-feng)in Guangdong\n\nThe market capitalisation of Hong Kong-listed\n\n[artificial intelligence](https://www.scmp.com/topics/artificial-intelligence?module=inline&pgtype=article?module=inline&pgtype=article)pioneer[Zhipu AI](https://www.scmp.com/topics/beijing-zhipu-huazhang-technology?module=inline&pgtype=article?module=inline&pgtype=article)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.\n\nThe surge follows the release of Zhipu’s open-source\n\n[GLM-5.2 model last week](https://www.scmp.com/tech/tech-trends/article/3357115/zhipu-ais-stock-rockets-after-chinese-firm-makes-glm-52-open-source?module=inline&pgtype=article). 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.Advertisement\n\nIn a recent exchange on social-media platform X, tech billionaire Elon Musk estimated that a Chinese AI model capable of matching Claude Fable 5 would likely arrive in the first quarter of next year. Zhipu founder Tang Jie responded that it “won’t take that long”.\n\n*More to follow...*\n\nAdvertisement\n\nAdvertisement\n\nSelect Voice\n\nSelect Speed\n\n1.00x", "url": "https://wpnews.pro/news/zhipu-ai-market-cap-tops-hk-1-trillion-as-shares-of-glm-5-2-developer-soar", "canonical_source": "https://www.scmp.com/tech/article/3357858/zhipu-ai-market-cap-tops-hk1-trillion-shares-glm-52-developer-soar?utm_source=rss_feed", "published_at": "2026-06-22 02:32:00+00:00", "updated_at": "2026-06-22 02:45:36.389851+00:00", "lang": "en", "topics": ["artificial-intelligence", "large-language-models", "ai-products"], "entities": ["Zhipu AI", "Knowledge Atlas Technology", "GLM-5.2", "Anthropic", "Claude Fable 5", "Elon Musk", "Tang Jie"], "alternates": {"html": "https://wpnews.pro/news/zhipu-ai-market-cap-tops-hk-1-trillion-as-shares-of-glm-5-2-developer-soar", "markdown": "https://wpnews.pro/news/zhipu-ai-market-cap-tops-hk-1-trillion-as-shares-of-glm-5-2-developer-soar.md", "text": "https://wpnews.pro/news/zhipu-ai-market-cap-tops-hk-1-trillion-as-shares-of-glm-5-2-developer-soar.txt", "jsonld": "https://wpnews.pro/news/zhipu-ai-market-cap-tops-hk-1-trillion-as-shares-of-glm-5-2-developer-soar.jsonld"}}