Knowledge Atlas Tech Joint
- Exchange
- HK
- Country
- Hong Kong
- Employees
- 1,094
- Website
- www.zhipuai.cn
Composite valuation range · conservative HK$5–HK$10 / fair HK$40–HK$70 / optimistic HK$250–HK$350. At HK$1,281, Above the optimistic ceiling · future growth overdrawn.
At publication HK$1,040 (May 17, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
Knowledge Atlas Technology Joint Stock Company Limited, together with its subsidiaries, provides customized large model-related services in the People's Republic of China. It operates through two segments, On-premise Deployment and Cloud-based Deployment. The company develops and provides customized large model-related services according to the customers' specific instructions, and needs at the customers' infrastructure; and cloud-based large model-related services through cloud infrastructure. It also provides subscription-based and usage-based services, as well as other related services such as model training and fine-tuning. In addition, the company offers z.ai, AutoGLM, AutoClaw, ChatGLM, Zread.ai, and AMiner. The company was formerly known as Beijing Zhipu Huazhang Technology Co., Ltd. and changed its name to Knowledge Atlas Technology Joint Stock Company Limited. Knowledge Atlas Technology Joint Stock Company Limited was incorporated in 2019 and is headquartered in Beijing, China.
History
Knowledge Atlas Technology Joint Stock Company Limited (Zhipu) was incorporated in 2019 and is headquartered in Beijing, providing customized large-model services in China through On-premise and Cloud-based Deployment segments. It launched the GLM framework in 2021 and in 2022 open-sourced GLM-130B, described as China's first model at the ten-billion-parameter class. The company was formerly known as Beijing Zhipu Huazhang Technology Co., Ltd. and was listed in January 2026. Its offerings include z.ai, AutoGLM, AutoClaw, ChatGLM, Zread.ai, and AMiner.
Industry position
Per its prospectus citing Frost & Sullivan, by 2024 revenue Zhipu is China's largest independent large-model company and the second-largest general large-model developer, with a market share of about 6.6%; the top five players' shares were roughly 9.4%, 6.6%, 6.4%, 6.1%, and 4.7%. In 2025 revenue rose about 132% to RMB 724.3 million, split between on-premise deployment (73.7%) and cloud-based deployment (26.3%). As of 30 June 2025 its models had empowered over 8,000 institutional clients, and its API/Agent platform covered 218 countries and regions.