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China’s AI Market Enters the Era of “AI Pricing”: Zhipu AI Surges Past HK$900 Billion as Capital Rewrites Core Asset Hierarchies
Jul 19, 2026
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By Garbo Tian
The Milestone: Capital Rewrites the Core Asset Hierarchy
On June 18, 2026, Hong Kong’s equity market marked a milestone moment.
Zhipu...
MiniMax and Zhipu Head Toward A-Shares: China’s Foundation Model Leaders Enter a Capital-Market Pricing Regime. Who Will Claim the “Compute and Application No.1 Stock” Title?
Jul 09, 2026
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China’s large-model industry is shifting from a fundraising race into a capital-market pricing competition.
On May 29, MiniMax officially entered A-s...
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