On July 21, Zhipu (02513.HK) rose 13.19% in regular trading, trading at 972.0 HKD/share, with turnover of 8.55 billion HKD. The rebound follows a series of sharp declines that saw the stock fall from nearly 2,980 HKD to below 1,000 HKD over the prior month.

On the news front, Zhipu has completed construction of a 1GW-scale domestic AI computing data center, entirely equipped with domestically produced AI chips, with each cluster housing over 10,000 chips — making it one of the largest AI server hubs built by a Chinese AI company. Simultaneously, Zhipu completed the acquisition of Zhongke Jiahe, a heterogeneous computing software company originating from the Chinese Academy of Sciences Institute of Computing Technology. Zhongke Jiahe specializes in heterogeneous computing software stacks and compiler optimization, and is regarded as one of Chinas top-tier AI infrastructure teams.

The infrastructure buildout and acquisition are seen as clarifying Zhipus next-generation strategy, potentially easing market concerns about its technological competitiveness amid intensifying rivalry following the launch of Kimi K3 by Moonshot AI, which triggered a 28% single-day selloff on July 17.

(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.)