Z.AI Shares Climb Nearly 5%, Market Value Reaches HK$320.6 Billion

Deep News
Oct 05

Z.AI's Hong Kong-listed shares strengthened during the morning session, closing the midday period at HK$657.5, up 4.95%, with a market value of HK$320.6 billion.

On the news front, Z.AI's GLM series models have recently gained consecutive overseas recognition. Goldman Sachs upgraded Z.AI's rating from "Neutral" to "Buy," with a target price of HK$1,560.

Recently, AI programming tool Cursor announced the launch of GLM-5.3 and GLM-5.3-Flash, stating that GLM-5.3 achieved the highest score among open-weight models on its proprietary coding benchmark CursorBench 4.0 under Max reasoning settings. According to the official leaderboard, the model scored 42.6%. This evaluation uses tasks drawn from real Cursor usage scenarios involving multiple files and complex requirements, covering code editing, refactoring, and issue investigation.

With this integration, developers can directly select GLM-5.3 and GLM-5.3-Flash within Cursor to complete programming tasks. Additionally, German sovereign AI Aleph Alpha's newly released model Kolibri also disclosed its use of GLM. Its technical report shows that GLM-5.2, GLM-5.3, and Alibaba's Qwen3.8-27B were the primary models used for supervised fine-tuning data production.

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