HK Stock Market Move | Market value exceeds 57 billion. "Chinese OpenAI" Brain Map (02513) rises by about 12% on its first day of listing.

"China's version of OpenAI" Zhifu (02513) was listed on the market today, officially becoming the "first stock of global large models." By the close of morning trading, the stock price had risen by about 12% to HK$130, with a market value exceeding HK$57 billion. According to public information, Zhifu is the earliest Chinese company to engage in the development of large models, and has independently proposed the general pre-training paradigm GLM based on self-regressive filling. It was the first to release China's first hundred-billion model, the first open-source trillion-billion model, the first dialogue model, the first multimodal model, and the world's first equipment-controlling intelligent agent (Agent), forming a comprehensive model system. It is a rare domestic company that maintains synchronization with global cutting-edge levels on the original technology route, and is therefore known as "China's OpenAI." Currently, the GLM architecture has achieved breakthroughs in national production and is compatible with more than 40 domestic chips, making it one of the most versatile model systems in the industry. With the global AI competition heating up, Zhifu winning the title of "first stock of global large models" not only injects capital vitality into the development of domestic large models, but also signals that Chinese AGI companies are officially entering the capital market stage and opening a new phase of competition with international giants.