Zhipu's stock price reached a new low since March this year; it has fallen by nearly 20% compared to the issue price in September.

According to Bitget's market data, the stock price of Zhipu in Hong Kong has been declining recently. On October 14th, the stock price fell by 1.83%, reaching 590 Hong Kong dollars, marking a new low for the stock price since March this year.<br /> <br /> In terms of market news, on October 8th, Anthropic launched a new model called Claude Haiku 5.5. Market analysts believe that this model represents competitive pressure on domestic low-cost models, similar to what is known as a “cut-off line” of competition.<br /> <br /> Additionally, on September 11th this year, Zhipu conducted a new share offering in Hong Kong. The offering amounted to approximately 2 billion US dollars, along with the issuance of approximately 3 billion US dollars in convertible bonds. The offering price was 714 Hong Kong dollars per share, and a total of 21.97 million new shares were issued. Based on current market prices, the stock price has decreased by nearly 20% compared to the offering price at that time.