HomeZhitu AI, first global large model stock, acquires 22,700-sqm Beijing HQ for 361M yuan
Zhipu AI has fully acquired Beijing Hongzuan Technology, taking ownership of the Diamond Building in Zhongguancun Software Park for a total cost not exceeding 361 million yuan (including 81.62 million yuan for equity and 278.9 million yuan for debt assumption), marking the completion of this headquarters property transfer. Business registration shows that Beijing Hongzuan Technology primarily engages in property management. The core asset in this deal is the Diamond Building on Dongbei Wangxi Road in Haidian District.
The building spans roughly 22,700 square meters in the heart of Zhongguancun Software Park, surrounded by tech leaders like Baidu, Tencent, and Lenovo. Zhipu AI noted that the acquisition is intended to support the operational and administrative needs of its large model business, leverage the property's potential value for long-term strategy, streamline the asset structure, and strengthen risk resilience.
As the "world's first large model stock" listed on Hong Kong's stock exchange in January 2026, Zhipu AI's share price stood at 918 HKD as of May 8, more than eight times its issue price. According to its 2025 financial report, revenue hit 724 million yuan, up 131.9% year-over-year, while adjusted net loss was 3.182 billion yuan. In the first quarter, API call volume surged 400%, pricing rose 83%, and the GLM model was deployed on global cloud platforms including AWS and Google. In April, GLM-5.1 became the first domestic model to surpass Opus4.6 on the SWE-bench Pro test.
This property acquisition follows a broader trend among tech companies like ByteDance and JD.com that are increasingly investing in heavy assets. Analysts suggest that as new productive forces in areas like large models and hard technology gain momentum, the key players fueling the building-buying spree are evolving. Zhipu AI's asset move could signal a shift among large model firms from lightweight operations toward a dual strategy combining technology and assets, setting a new benchmark for AI industry clustering in major cities.
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Zhipu AI has fully acquired Beijing Hongzuan Technology, taking ownership of the Diamond Building in Zhongguancun Software Park for a total cost not exceeding 361 million yuan (including 81.62 million yuan for equity and 278.9 million yuan for debt assumption), marking the completion of this headquarters property transfer. Business registration shows that Beijing Hongzuan Technology primarily engages in property management. The core asset in this deal is the Diamond Building on Dongbei Wangxi Road in Haidian District.
The building spans roughly 22,700 square meters in the heart of Zhongguancun Software Park, surrounded by tech leaders like Baidu, Tencent, and Lenovo. Zhipu AI noted that the acquisition is intended to support the operational and administrative needs of its large model business, leverage the property's potential value for long-term strategy, streamline the asset structure, and strengthen risk resilience.
As the "world's first large model stock" listed on Hong Kong's stock exchange in January 2026, Zhipu AI's share price stood at 918 HKD as of May 8, more than eight times its issue price. According to its 2025 financial report, revenue hit 724 million yuan, up 131.9% year-over-year, while adjusted net loss was 3.182 billion yuan. In the first quarter, API call volume surged 400%, pricing rose 83%, and the GLM model was deployed on global cloud platforms including AWS and Google. In April, GLM-5.1 became the first domestic model to surpass Opus4.6 on the SWE-bench Pro test.
This property acquisition follows a broader trend among tech companies like ByteDance and JD.com that are increasingly investing in heavy assets. Analysts suggest that as new productive forces in areas like large models and hard technology gain momentum, the key players fueling the building-buying spree are evolving. Zhipu AI's asset move could signal a shift among large model firms from lightweight operations toward a dual strategy combining technology and assets, setting a new benchmark for AI industry clustering in major cities.
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