Domestic AI Booms: Zhipu's Market Cap Surpasses 430 Billion HKD, Mysterious Model Tops Text-to-Video Ranking
China's AI sector is experiencing a significant surge, with Zhipu AI's market capitalization exceeding HK$430 billion and a new model, HappyHorse-1.0, topping the text-to-video generation rankings.
On April 9, Hong Kong and A-share AI stocks rallied strongly. Zhipu's shares rose 8.74%, and Xunce Technology surged over 24%. The A-share market saw similar gains, with the China Merchants AI ETF rising over 10%.
The rally was fueled by two major catalysts. First, the anonymous model HappyHorse-1.0 topped the Artificial Analysis Video Arena leaderboard, surpassing ByteDance's Seedance 2.0. It generates synchronized video and audio from text in about 38 seconds. Second, Zhipu released its flagship model, GLM-5.1, which can autonomously perform complex software engineering tasks for 8 hours without human intervention. Notably, it was trained entirely on Huawei's Ascend 910B processors, a milestone for China's AI self-sufficiency.
Industry experts note the rapid iteration of AI models, with new breakthroughs frequently appearing. While some market hype, the technical capabilities of these models are noteworthy. Zhipu also increased its API prices by 10%, signaling a shift from a growth-at-all-costs model to a focus on sustainable profitability and value creation.
The industry is moving from a "technology race" to a "value co-creation" phase, entering an early stage of "order fulfillment and profit release." Paid services for top-tier models are in high demand, indicating the market is moving past the free user acquisition phase.
marsbit04/10 06:25