Hong Kong Stock Market Movement | Zhipu(02513) surged nearly 30% in the afternoon, with a total market capitalization surpassing HKD 290 billion

LootboxPhobia · 2026-02-20T07:02:20+00:00

Zhitong Finance APP has learned that Zhipu (02513) saw its afternoon gains expand by nearly 30%, reaching a high of 658.5 HKD, setting a new listing high, more than 4.6 times the IPO price of 116.2 HKD. Its total market value has surpassed 290 billion HKD. As of the latest report, it is up 29.53%, trading at 658 HKD, with a turnover of 2.323 billion HKD.On the news front, Zhipu recently launched the new generation flagship model GLM-5 and announced a price increase for its AI programming subscription package GLM Coding Plan, with the overall price increase starting from 30%. Guolian Minsheng Securities stated that the price hike of Zhipu's GLM Coding Plan reflects a change in industry pricing logic: as reasoning consumption becomes a production factor, model vendors have the opportunity to turn "computing power scarcity" into profit margins and cash flow through tiered pricing and subscription products.According to China Science and Technology Shuguang, Shuguang SothisAI was recently upgraded,

LootboxPhobia

2026-02-20 07:02:20

Smart Finance APP has learned that Zhipu (02513) expanded its afternoon gains by nearly 30%, reaching a high of HKD 658.5, setting a new listing high, more than 4.6 times the IPO price of HKD 116.2. The total market capitalization has surpassed HKD 290 billion. As of the latest report, it rose 29.53% to HKD 658, with a trading volume of HKD 2.323 billion.

On the news front, Zhipu recently launched the new flagship model GLM-5 and announced a price increase for its AI programming subscription package GLM Coding Plan, with overall price hikes starting at 30%. Guolian Minsheng Securities stated that the price increase of Zhipu’s GLM Coding Plan reflects a change in industry pricing logic: as inference consumption becomes a production resource, model vendors have the opportunity to convert “computing power scarcity” into profit and cash flow through tiered pricing and subscription-based products.

Additionally, according to Sugon, Sugon SothisAI recently upgraded to enable full access to Zhipu GLM-5 and Alibaba Qwen 3.5 large models, further simplifying and optimizing enterprise AI platform construction and operation processes. Furthermore, “Taichu Yuanqi” has completed deep adaptation work for several mainstream domestic open-source large models, including Zhipu GLM-5.0 and Alibaba Qwen 3.5-397B-A17B.

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