Zhipu AI has completed the full acquisition of Beijing Hongzuan Technology and has purchased the Diamond Building, located in the heart of Zhongguancun Software Park, for a sum not exceeding 361 million yuan. This property, boasting a total construction area of approximately 22,700 square meters, is strategically positioned in the core area of the park. The acquisition is designed to cater to Zhipu AI's expanding business and administrative requirements, thereby bolstering its long-term strategic growth. As the "pioneer global large-scale model stock" listed on the Hong Kong Stock Exchange in January 2026, Zhipu AI has witnessed its stock price soar more than eightfold from its initial offering price as of May 8. Despite experiencing a revenue uptick in 2025, the company has yet to turn a profit. Nevertheless, the first quarter saw improvements in both its API call volume and pricing structures. Moreover, the GLM model has been successfully deployed across global cloud platforms. The launch of GLM-5.1 in April marked a significant milestone, as it became the first domestic model to outperform Opus 4.6. This acquisition also mirrors a broader trend within the tech industry, where companies are increasingly investing in substantial assets. This move may signal a strategic pivot for large model companies, steering them towards a dual-driven approach that combines technological innovation with asset accumulation.