DeepSeek Launches Open-Source V4, Zhipu Slides 8%

DeepSeek released preview of its V4 AI model, offering Pro and low-cost Flash versions with up to 1 million token context.
Zhipu AI (HK:2513) shares fell 8% to HK$946 by 04:57 GMT following the announcement.
MiniMax Group (HK:0100) stock dropped 4.7% to HK$818.5 amid heightened competition in China’s AI sector.
The open‑source strategy is expected to intensify pricing pressure and accelerate adoption across enterprise and research workloads.