On Wednesday, Feb. 11, 2026, Hong Kong-listed Zhipu AI launched its GLM-5 open-source model, sparking a sharp rise in Chinese AI stocks. Zhipu AI, which trades as Knowledge Atlas Technology, jumped 30% to close at HK$405 ($51), while MiniMax rose 13.7% to HK$70.5 ($8.9) after it launched its updated M2.5 open-source model.
Investors pushed gains across the sector, lifting SenseTime about 6.8% on the same day. The moves reflected heightened investor interest in China’s rapidly advancing AI firms.
The companies described GLM-5 and M2.5 as improvements in coding assistance and autonomous agent capabilities. Zhipu AI said GLM-5 nears Anthropic’s Claude Opus 4.5 on coding benchmarks and can outperform Google’s Gemini 3 Pro on some tests (Ed. note: these are company claims).
The article noted the rally may face a correction if macroeconomic uncertainties pressure investors. Market direction will depend on follow-through from product performance and broader economic conditions.
