HK Stock Market Move | KNOWLEDGE ATLAS (02513) morning rises more than 22%, leading the AI concept stocks. The total market value approaches 150 billion Hong Kong dollars. The mysterious anonymous model may be the new generation model GLM-5 of KNOWLEDGE ATLAS.

date
11:45 10/02/2026
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GMT Eight
Smart holdings (02513) surged more than 22% in the morning, reaching a high of HK$338.2, an increase of nearly 200% from the IPO price of HK$116.2, with a total market value approaching HK$150 billion. As of the time of writing, it has risen by 21.17%, closing at HK$335.4, with a trading volume of HK$6.65 billion.
KNOWLEDGE ATLAS (02513) surged more than 22% in the morning, reaching a high of 338.2 Hong Kong dollars, an increase of nearly 200% from its IPO price of 116.2 Hong Kong dollars, with a total market value approaching 150 billion Hong Kong dollars. As of press time, it has increased by 21.17% to 335.4 Hong Kong dollars, with a turnover of 6.65 billion Hong Kong dollars. On the news front, on February 6, the global model service platform OpenRouter quietly launched an anonymous model codenamed "Pony Alpha", which quickly caught the attention of the developer community due to its powerful encoding capabilities, ultra-long context window, and deep optimization for intelligent agent workflows. Market speculation suggests that the identity of this model may be the next-generation model GLM-5 to be released by KNOWLEDGE ATLAS. Analysts point out that the GLM series of models have made significant progress in code generation and intelligent agent capabilities in recent years, which is completely in line with the focus of Pony Alpha. Tang Jie, the Chief Scientist of KNOWLEDGE ATLAS, has clearly stated on Weibo that KNOWLEDGE ATLAS will soon release GLM-5. Currently, KNOWLEDGE ATLAS and other suspected associated parties have not made an official response regarding the identity of Pony Alpha.