Zhipu’s downward trend persists, with its stock price hitting a new low since March this year, nearly 20% lower than its September private placement price.

According to Bitget market data, Hong Kong-listed Zhipu AI has been in a sustained downtrend, falling 1.83% intraday today to trade at HK$590, hitting a new low since March this year. On the news front, Anthropic released its new Claude Haiku 5.5 model on October 8, with market analysts noting that this model exerts "kill line"-like competitive pressure on domestic low-priced AI models. Additionally, on September 11 this year, Zhipu launched a roughly $2 billion share placement in Hong Kong and

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