Stock Performance: Knowledge Atlas (02513.HK) experienced a decline of 14.400 points, or 5.921%, in its stock value.

Model Release: The hybrid thinking model GLM-4.7-Flash has achieved over one million downloads on Hugging Face within two weeks of its launch.

Performance Comparison: GLM-4.7-Flash outperformed gpt-oss-20b and Qwen3-30B-A3B-Thinking-2507 in overall performance metrics.

Open-Source Achievement: The model attained an open-source SOTA score among similar-sized models, indicating its potential for efficient lightweight deployment.

AI Tool Launch: Anthropic introduced a new tool for corporate in-house counsel that automates legal tasks like contract review and NDA classification, impacting the SaaS and software sectors.

Stock Market Performance: Several Hong Kong stocks experienced significant declines, with KINGDEE INT'L dropping 14.5% and MEITU falling nearly 10%.

Short Selling Activity: High short selling ratios were noted across various companies, including MEITU and CHINASOFT INT'L, indicating bearish market sentiment.

AI IPOs Decline: Newly listed AI companies like MINIMAX-WP and KNOWLEDGE ATLAS also saw their stock prices decrease, reflecting a broader trend in the market.

Open-Sourcing of GLM-OCR: KNOWLEDGE ATLAS (02513.HK) has officially open-sourced its GLM-OCR model, which features a parameter size of 0.9 billion.

Deployment Compatibility: The GLM-OCR model can be smoothly deployed on popular inference frameworks such as vLLM, SGLang, and Ollama.

Performance Achievements: The model has achieved state-of-the-art (SOTA) results in various benchmark tests, including formula recognition, table recognition, and information extraction.

Developer Utility: GLM-OCR provides developers with an efficient tool for optical character recognition (OCR) tasks.

Market Performance: The HSI opened 220 points higher and reached a peak of 27,126 before closing at 26,805, with a turnover of approximately $90 billion.

MINIMAX-WP Stock Surge: MINIMAX-WP, an AI large model IPO, opened slightly higher and surged to $577, nearly 2.5 times its IPO price of $165, with significant trading volume.

KNOWLEDGE ATLAS Performance: Another AI IPO, KNOWLEDGE ATLAS, saw its stock rise to $234.6, reflecting a 4.45% increase with a turnover of $161 million.

Lock-up Period Insights: SPDBI is set to list some H shares with higher market caps at the end of the lock-up period in the next 12 months.

Market Performance: The HSI rose by 119 points (0.45%) to close at 26,749, with the HSCEI and HSTECH also showing gains, while total market turnover reached HKD240.872 billion.

Tech Stock Movements: BABA-W advanced 2.2% amid news of supporting its chip subsidiary's independent listing, while other tech stocks like TENCENT and NTES-S saw slight declines, and KUAISHOU-W and BILIBILI-W experienced notable increases.

Chip Sector Developments: The acceptance of Enflame's IPO application on China's STAR Market positively impacted chip stocks, with SMIC and HUA HONG SEMI gaining, while INNOSCIENCE and BIREN TECH faced declines.

Renewable Energy Stocks Surge: Following Elon Musk's support for space photovoltaics, companies like GCL TECH, FLAT GLASS, and XINYI SOLAR saw significant stock price increases, with gains ranging from 9.3% to 11.1%.