On August 13, Z.AI rose 4.8% in regular trading, trading at HK$1,282.0/share, with turnover of HK$642 million.

On the news front, Z.AI was officially included in the MSCI China Index on the same day, which typically brings passive fund allocation demand and serves as a short-term share price catalyst. Additionally, Daiwa Securities initiated coverage on the stock the previous trading day with a Buy rating and a target price of HK$1,500, citing optimism on large model commercialization prospects.

Recent positive developments for the company have been released in rapid succession. Morgan Stanley previously raised its target price significantly to HK$1,700, while the company's ZCode users surpassed 1 million and API users approached 7 million. Institutions broadly expect strong commercialization momentum, supported by improved computing power acquisition capabilities, new financing, and the industry's structural shift from price competition toward monetization through model intelligence.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)