HAIZHI TECH GP and KNOWLEDGE ATLAS Form Strategic Partnership for Model Training and Application Development
Strategic Cooperation Agreement: HAIZHI TECH GP has entered into a Strategic Cooperation Framework Agreement with KNOWLEDGE ATLAS to collaborate on model training and application scenarios.
Focus on AI Solutions: The partnership aims to leverage both companies' technological strengths to develop Atlas graph solutions and industry-level intelligent agents, enhancing their AI offerings.
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Hong Kong Stock Market Opening: Hong Kong stocks opened higher, with the HSI up 154 points (0.6%) at 26,745, the HSCEI up 61 points (0.7%) at 9,069, and the HSTECH up 45 points (0.9%) at 5,316.
Performance of Major Stocks: JD-SW saw a 1.3% increase due to the launch of a new delivery service, while other tech stocks like BABA-W and MEITUAN-W also rose by around 1%.
Short Selling Data: Significant short selling was noted across various stocks, with JD-SW at $450.54M and a ratio of 37.567%, while TENCENT had a short selling of $2.19B with a ratio of 11.649%.
Sector Highlights: Robotics stocks gained traction with Unitree Robotics' new product, while automakers like BYD and XPENG also saw positive movements, with XPENG increasing by 2.8%.

Strategic Cooperation Agreement: HAIZHI TECH GP has entered into a Strategic Cooperation Framework Agreement with KNOWLEDGE ATLAS to collaborate on model training and application scenarios.
Focus on AI Solutions: The partnership aims to leverage both companies' technological strengths to develop Atlas graph solutions and industry-level intelligent agents, enhancing their AI offerings.

US Tariff Policy Impact: Following the US Supreme Court's decision to overturn Trump's tariff policy, he announced a 15% global tariff hike, influencing stock market movements in the Asia-Pacific region.
Record Highs in Asia-Pacific Markets: Major stock markets in the Asia-Pacific saw significant gains, with Taiwan's index surpassing 34,000 for the first time, and Singapore and South Korea also reaching historical highs.
Tech Stocks Lead Market Rally: Heavyweight technology stocks, including Meituan, JD, Tencent, Alibaba, and Xiaomi, contributed to the market rally, with notable increases in their share prices and trading volumes.
Decline of AI Model Stocks: Three AI model stocks experienced significant declines after reaching record highs, with Knowledge Atlas, Minimmax, and Haizhi Tech all reporting substantial losses in their share prices.

Apology and Compensation: KNOWLEDGE ATLAS issued an apology regarding its GLM Coding Plan, acknowledging issues such as lack of transparency, slow rollout of GLM-5, and poor upgrade mechanisms for users, along with announced compensation measures.
User Access and Refunds: The rollout of GLM-5 is staggered, with Max users having full access, Pro users facing potential throttling, and Lite users receiving access gradually. Affected Lite and Pro users are eligible for refunds.

Market Performance: Hong Kong stocks fell on the first trading day after the Lunar New Year, with the HSI down 1.1% to 26,413, while total market turnover reached $165.373 billion.
Oil Sector Gains: Oil producers PETROCHINA and CNOOC saw significant intraday gains, with CNOOC hitting an all-time high, while other energy-related stocks also performed well.
Robotics Stocks Surge: The popularity of a robot martial arts performance at the CCTV Spring Festival Gala led to sharp increases in robotics stocks, with DOBOT and ROBOSENSE experiencing notable gains.
AI IPOs Performance: Three major AI-related IPOs, including HAIZHI TECH GP and KNOWLEDGE ATLAS, saw substantial price increases, with KNOWLEDGE ATLAS's turnover exceeding $3.2 billion.

Market Overview: Hong Kong stocks opened lower on the first trading day after the Lunar New Year, dropping 348 points to a low of 26,356 before closing at 26,577, down 128 points with a turnover of HKD83.242 billion.
AI Sector Performance: Three semi-IPOs in the AI sector, MINIMAX-WP, KNOWLEDGE ATLAS, and HAIZHI TECH GP, saw significant gains, with MINIMAX-WP reaching a new high since listing and receiving a Buy rating from Jefferies.
Mixed Results for Major AI Stocks: Other major AI-related stocks had mixed performances, with blue-chip stocks like BIDU-SW, BABA-W, KUAISHOU-W, and TENCENT experiencing declines.
Short Selling Activity: Notable short selling activity was reported, particularly for BIDU-SW and BABA-W, indicating market caution among investors in the AI sector.




