Zhipu tops HK$1 trillion market value as stock extends 2024 surge

Hong Kong-listed shares rose above HK$1 trillion in intraday value on June 22; BlockBeats said the Chinese AI company’s valuation increased about 130-fold from angel round to IPO.

35d ago

Fact Check

Multiple sources from June 22, 2026 (Odaily citing Gate data and BlockBeats) directly confirm Zhipu's intraday total market value broke HK$1 trillion, up over 1,900% year-to-date and over 12% intraday — exactly matching the claim. The trajectory is independently supported by Shanghai Securities News, which reported Zhipu at a HK$933.6 billion market cap on June 18, just below the trillion mark. The 1,900% YTD figure and the trillion milestone are corroborated across the cited sources, though they rely partly on Gate price data rather than an official exchange filing.

Summary

Zhipu’s intraday market capitalization climbed above HK$1 trillion on June 22 as the Hong Kong-listed stock extended a steep 2024 rally. The shares were up more than 12% at the time of the earlier report, and BlockBeats separately said the stock had risen 24.6 times from the start of 2024 to an intraday high on June 22. BlockBeats also reported that Zhipu’s valuation increased about 130 times from its angel round to IPO, with 57 external investors contributing a combined RMB 8.36 billion and seeing the paper value of those holdings reach about HK$770.8 billion at the June 22 peak, implying roughly 85x aggregate returns.

Terms & Concepts

market capitalization: Total value of a company's outstanding shares
angel round: An early startup fundraising stage
paper value: Unrealized market value of holdings