On June 29, Zhipu AI (02513.HK) declined 3.96% in regular trading, trading at 2028.0 HKD/share, with turnover of 674 million HKD.

On the news front, market reports indicated that Zhipu AI is in discussions with advisors regarding a potential share placement in Hong Kong, with fundraising potentially reaching several billion US dollars as early as next month. Simultaneously, the six-month post-IPO lock-up period for cornerstone investors holding approximately 25.68 million shares is set to expire on July 8, intensifying concerns over near-term supply expansion.

Additionally, the end-of-June window coincides with semi-annual performance settlement for mutual and private funds, creating concentrated profit-taking pressure on high-valuation AI names that had been heavily crowded. Since its January listing, Zhipu AI has seen extraordinary gains, though its market capitalization has now retreated below one trillion HKD, with market divergence over its valuation continuing to widen.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)