Hong Kong-listed Zhipu AI (2513.HK) saw its intraday gain expand to 42.31% on June 22, reaching a peak of 2980 HKD per share and a new all-time high, with total market capitalization surpassing 1 trillion HKD. The surge followed the company's June 17 launch of its GLM-5.2 flagship model and a June 18 social media exchange between Tesla founder Elon Musk and Zhipu AI founder Tang Jie regarding AGI timelines. From its January 2026 post-IPO low of 116.1 HKD per share to the June 22 peak of 2980 HKD per share, Zhipu AI recorded a year-to-date gain of 2467%, making it the highest market capitalization AI company in China according to current data.
Zhipu AI Stock Reaches 2980 HKD Per Share on June 22
On June 22, Zhipu AI (2513.HK) extended its intraday gain to 42.31%, with the stock price reaching a high of 2980 HKD per share. The company's total market capitalization exceeded 1 trillion HKD, marking a new milestone. From the post-IPO low of 116.1 HKD per share in January 2026 to the June 22 peak of 2980 HKD per share, the stock recorded a year-to-date increase of 2467%. Data shows Zhipu AI is currently the highest market capitalization AI company in China. At press time, the stock's gains had narrowed to under 15%.
Zhipu AI Launched GLM-5.2 Model on June 17
On June 17, Zhipu AI announced the official launch and open-sourcing of its new flagship model GLM-5.2. The model is designed for long-range task capabilities, with core features including 1M lossless context, enhanced coding capabilities, Day 0 adaptation to domestic computing platforms, and an MIT open-source license. According to Zhipu AI's official introduction, GLM-5.2 achieved first place among globally available models on Code Arena, a front-end development evaluation system with blind testing participation from millions of users worldwide. On multiple authoritative benchmarks including FrontierSWE and Terminal-Bench, GLM-5.2 narrowed the gap with overseas leading model Claude Opus 4.8 to 1% to 4%, ranking as the highest-performing open-source model.
Musk and Tang Jie Exchanged Views on AGI Timeline on June 18
On June 18, Tesla founder Elon Musk replied to a user question on social media about his current timeline estimate for China reaching Fable-level AI, noting that "GLM-5.2 has undoubtedly narrowed the gap." Musk stated, "Perhaps Q1 (2027)." Tang Jie, Tsinghua University professor and Zhipu AI founder, responded to Musk: "Won't take that long." Musk replied below: "Looking purely at various benchmark test scores, perhaps that's the case; but if judged by actual practical value in real-world applications, catching up by Q1 next year would already be quite impressive. Anthropic's approach is correct—they focus entirely on polishing intelligent capabilities with real practical value. These capabilities don't show up on benchmark leaderboards, but they genuinely convert into revenue." Tang Jie responded: "Focus is the only thing we need, especially to concentrate on what the essence of intelligence really is..."
FAQ
What was Zhipu AI's stock performance on June 22?
On June 22, Hong Kong-listed Zhipu AI (2513.HK) saw its intraday gain expand to 42.31%, reaching a peak of 2980 HKD per share with total market capitalization exceeding 1 trillion HKD. At press time, gains had narrowed to under 15%.
What did Zhipu AI announce on June 17?
On June 17, Zhipu AI announced the official launch and open-sourcing of its new flagship model GLM-5.2, designed for long-range task capabilities with features including 1M lossless context, enhanced coding capabilities, Day 0 adaptation to domestic computing platforms, and an MIT open-source license.
How did GLM-5.2 perform on benchmarks?
GLM-5.2 achieved first place among globally available models on Code Arena. On multiple authoritative benchmarks including FrontierSWE and Terminal-Bench, GLM-5.2 narrowed the gap with Claude Opus 4.8 to 1% to 4%, ranking as the highest-performing open-source model.
