On October 6, Z.AI rose over 7% in Regular Trading. Goldman Sachs upgraded Z.AI from 'neutral' to 'buy' while sharply increasing its target price to 1,560 HKD based on its Annual Recurring Revenue (ARR) topping Chinese competitors under new commercial terms. The investment bank noted that Z.AI's agreements with cloud providers could yield high-margin revenue, projecting ARR at 3.2 billion USD.

Within the Systems Software sector, sector peers demonstrated mixed performance: MINIMAX-W gained 0.98%, WENGE AI-50 rose 3.58%, while DEEPEXI TECH and others remained flat or declined.

Beijing Zhipu HuaZhang Technology primarily provides large model-related services through two segments: on-premises deployment customized solutions and cloud-based deployment services via API platforms and enterprise solutions.

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