Overview
- AI developer Zhipu listed on the HKEX main board at HK$116.20 per share and opened at HK$120, valuing the company at about HK$52.8 billion.
- An internal letter from chief scientist Tang Jie, reported by LatePost, says Zhipu plans to launch its next‑generation GLM‑5 model and has formed an X‑Lab to explore new architectures, broader RL paradigms, and continuous learning.
- Snack retailer Mingming Hen Busy disclosed it cleared the HKEX hearing on January 6 with Goldman Sachs and Huatai International as joint sponsors as it prepares for an IPO.
- Frost & Sullivan certified Mingming as the first in its category to surpass 20,000 stores in September 2025, and its January–September 2025 metrics show GMV of RMB 66.1 billion, revenue of RMB 46.371 billion, and adjusted net profit of RMB 1.81 billion.
- BrainCo confirmed completion of about RMB 2 billion in financing, saying the funds will speed core brain‑computer interface R&D, engineering breakthroughs, product scale‑up, and mass production.