5天暴拉144%！风投女王徐新再度上演经典一战：一笔投资狂赚18倍

Core Viewpoint - The stock price of Zhipu (02513.HK) has surged significantly following the release of its new model GLM-5, with a total increase of 144% over the past five trading days, leading to a market capitalization exceeding 210 billion HKD [1][2][4]. Group 1: Stock Performance - Zhipu's stock price rose by 36.22% on February 9, followed by increases of 14.81% on February 10, and 28.68% after the GLM-5 announcement on February 12, culminating in a 20.65% rise on February 13, reaching a peak of 496 HKD per share [2][4]. - The total market capitalization of Zhipu has surpassed 210 billion HKD, marking a significant milestone for early investors [1][2]. Group 2: Investment and Returns - Notable early investors include prominent firms such as Qiming Venture Partners, Legend Capital, Tencent, and Meituan, with the total fundraising amounting to nearly 8.4 billion RMB across multiple financing rounds [4][6]. - The investment by All-Democracy Capital, amounting to 255.3 million RMB, has yielded an impressive return of 18 times, reflecting the success of early-stage investments in Zhipu [6][7]. Group 3: Market Sentiment and Future Outlook - The surge in Zhipu's stock price is attributed to the strong market demand for its GLM-5 model, which has seen significant price adjustments, indicating its competitive position in the global market [8]. - Despite the current success, there are concerns regarding Zhipu's ongoing expenses and profitability, with industry experts suggesting that the long-term value of the AI sector will require further validation [8].