The two leading Hong Kong-listed AI large models have recently plunged together, with Zhipu briefly falling below HK$1,000 and MiniMax briefly dropping below HK$200. Back when Zhipu went public as the "first large model stock," its market cap once surged to nearly HK$1.4 trillion. Now, as lock-up periods expire, the combined value of both companies has evaporated by over HK$700 billion from their peaks. Isn’t this just a replay of VC token unlocks? Primary valuations hyped to the skies, retail investors buying at the top, and early institutional holders forced to sell at a loss once the lock-up ends. Indeed, trading stocks or crypto remains fundamentally the same: Wall Street has $SPCX, the crypto world has VC tokens, and Hong Kong has these two giants. That said, at these prices, they look incredibly attractive. Help me up—I want to buy the dip!