Hong Kong stocks briefly surged over 45%, as the official announced the release of the latest flagship model GLM-5.2

Hong Kong Stock Zhipu (02513.HK) surged significantly during today's trading, at one point rising over 45%, reaching a high of 1620.00 HKD, and currently the increase has narrowed to around 28%, reported at 1404.00 HKD. In response to the unusual stock price movement, Zhipu issued a statement saying that the company is not aware of any undisclosed insider information.

On the news front, against the backdrop of the strongest models from overseas competitors being globally banned due to government regulations, Zhipu announced the launch of its latest flagship model GLM-5.2. This model supports long contexts of up to 1M and will be fully open-sourced next week under the MIT license. Zhipu stated that this move aims to attract global developers with an open strategy, and it is expected that the release of this model will effectively benefit the company's subsequent open platform and API business call volume increase.