April 22, 2026 — In early trading today, Knowledge Atlas Technology Joint Stock Company Limited (02513.HK) saw its share price jump by more than 7%. As of press time, the stock was trading at HKD 1,017, a 7.05% increase, with turnover reaching HKD 743 million. The rally is primarily driven by a global surge in Token demand and the company’s significant expansion potential within the AI computing power sector.

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Explosive Growth in Token Demand Shifts Market Expectations

According to a research report from China Post Securities, Token demand is experiencing exponential growth, becoming a pivotal driver of the current computing power shortage. Data from the National Bureau of Statistics reveals that as of March this year, China’s daily average Token invocation volume surpassed 140 trillion, representing a 1,000-fold increase from the 100 billion recorded at the start of 2024 and a 40%+ surge in just three months compared to the 100 trillion at year-end 2025. This trend is mirrored internationally; in April, the AI firm Anthropic experienced multiple systemic outages due to overwhelming user demand, while official disclosures indicate its annualized revenue has crossed $30 billion—a three-fold increase from approximately $9 billion at the end of 2025—further validating the robust global appetite for advanced AI compute.

Technical Leadership and Massive Expansion Potential

In its latest analysis, UBS highlighted that Knowledge Atlas’s GLM-5.1 model achieved approximately 8 hours (human equivalent) in long-duration task completion, ranking first among global open-source models. UBS asserts that the company’s technology and strategy are perfectly aligned with evolving market needs, positioning its growth trajectory to rival that of top-tier AI firms like Anthropic. Furthermore, UBS noted that Knowledge Atlas is continuously optimizing its intelligent models to shift use cases from developer-centric coding to broader applications for knowledge workers and enterprise users. This strategic pivot is expected to significantly broaden the company’s global business footprint.

Surging Recurring Revenue Signals Strong Commercialization

The commercial progress of Knowledge Atlas shows powerful momentum. The company’s Annual Recurring Revenue (ARR) leaped from $39 million in December 2025 to $250 million by March 2026—a 6.4-fold increase in a single quarter. This rapid growth underscores the company’s competitiveness in the AI compute landscape and its vast market potential. Amidst a global shortage of AI computing resources, Knowledge Atlas is well-positioned to capture a larger market share and emerge as a premier global provider in the coming years.

Outlook: Aiming for Global Leadership in AI Compute

Leveraging its technological edge and the tailwinds of increasing market demand, Knowledge Atlas Technology Joint Stock Company Limited is accelerating its commercialization and capturing significant investor attention. With a rapidly growing revenue stream and a clear path toward scaling, the company is poised to consolidate its leading position in the global AI market as Token demand continues to expand.

How to Buy Knowledge Atlas on uSMART

After logging into the uSMART HK app, click the “Search” button in the top-right corner of the page, enter the ticker code (02513.HK), and navigate to the details page to view transaction details and historical trends. Click the “Trade” button in the bottom-right corner, select the trade type, and submit your order after filling in the transaction conditions.

(Image Source: uSMART HK app)