{"id":421283,"date":"2026-02-12T06:14:08","date_gmt":"2026-02-12T06:14:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/421283\/"},"modified":"2026-02-12T06:14:08","modified_gmt":"2026-02-12T06:14:08","slug":"zhipu-leads-rally-in-chinese-ai-stocks-surging-30-as-a-wave-of-new-releases-hits-market","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/421283\/","title":{"rendered":"Zhipu leads rally in Chinese AI stocks, surging 30%, as a wave of new releases hits market"},"content":{"rendered":"

Information on Zhipu’s AI service on the web, dubbed Z.ai, arranged on a computer in Shanghai, Jan. 7, 2026.<\/p>\n

Raul Ariano | Bloomberg | Getty Images<\/p>\n

Chinese artificial intelligence stocks rallied Thursday as several companies unveiled upgraded models and top policymakers renewed calls for a broader adoption of the technology. <\/p>\n

Hong Kong-listed Zhipu AI \u2014 that trades as Knowledge Atlas Technology<\/a> \u2014 surged 30% after releasing its GLM-5, an open-source large-language model with enhanced coding capabilities and long-running agent tasks. <\/p>\n

The company said the model approaches Anthropic’s Claude Opus 4.5<\/a> in coding benchmarks while surpassing Google’s Gemini 3 Pro on some tests. CNBC could not verify those claims. <\/p>\n

MiniMax<\/a> saw shares in Hong Kong jump 11% following Wednesday’s launch of its updated M2.5<\/a> open-source model with enhanced AI agent tools, on its overseas website. <\/p>\n

The company describes M2 as “a model built for Max coding & agentic workflows.” <\/p>\n

The rally comes amid intensifying competition in AI as Chinese developers race to match U.S. rivals with a flurry of new model and agent releases. <\/p>\n

The new releases have boosted investor sentiment on AI-related companies. Shanghai-listed shares of UCloud Tech that provides computing support for Zhipu, surged by 20% on Thursday to hit the daily limit. <\/p>\n

SenseTime, which has shifted its focus from developing facial recognition surveillance technology to providing AI software platforms, saw its shares in Hong Kong jump 5%. <\/p>\n

The Shanghai STAR AI Industry Index climbed 1.7% before paring gains. <\/p>\n

DeepSeek, which took the world by storm last year, upgraded its flagship AI model on Wednesday, adding support for a larger context window and more up-to-date knowledge, according to a report<\/a> from the South China Morning Post. <\/p>\n

Ant Group also released its open-source AI model, Ming-Flash-Omni 2.0, on Wednesday. The “unified multimodal model” is capable of generating speech, music, sound effects and visuals.<\/p>\n

ByteDance on Monday launched its newest iteration of its AI video generation app, Seedance 2.0, that set off a rally in Chinese AI app stocks. The company is also reportedly<\/a> working with Samsung for developing in-house chips. <\/p>\n

Stock Chart IconStock chart icon\"hide<\/p>\n

Zhipu AI<\/p>\n

Chinese Premier Li Qiang on Wednesday stressed on a comprehensive push<\/a> for “scaled and commercialized application of AI,” calling for better coordination of power and computing resources to advance the technology. <\/p>\n

Li also emphasized on Beijing’s plans for improving the environment for AI talent and companies. <\/p>\n

The rally in pure-play AI startups comes amid a broader slump in Chinese tech giants that also have AI divisions. Shares of Tencent<\/a> and Alibaba<\/a> fell 2.6% and 2.1%, respectively. The Hong Kong Hang Seng Tech index dropped 1.7%. <\/p>\n

On Wall Street, the AI trade has experienced heightened volatility <\/a>this year as investors have swung from euphoria over the technology’s transformative potential to concerns about AI firms’ stretched valuations. <\/p>\n

Tai Hui, APAC chief market strategist at JP Morgan, said on CNBC’s “Squawk Box Asia<\/a>” on Thursday that he considered the talk of AI bubble “a little premature” with plenty of quality names globally backed by solid fundamentals. <\/p>\n

Investors are now making more discerning bets among the major cloud and AI infrastructure providers, whose large spending was supported by underlying earnings rather than heavy borrowing, Hui noted. <\/p>\n

Chinese technology companies have taken a relatively frugal approach to AI development, with far less on capital expenditures than their American rivals while concentrating on the domestic market, said Rolf Bulk, analyst at Futurum Group. <\/p>\n

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