{"id":180733,"date":"2025-12-12T11:27:10","date_gmt":"2025-12-12T11:27:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/180733\/"},"modified":"2025-12-12T11:27:10","modified_gmt":"2025-12-12T11:27:10","slug":"chinas-generative-ai-tiger-minimax-pursues-hong-kong-ipo-to-expand-global-reach","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/180733\/","title":{"rendered":"China\u2019s generative AI tiger MiniMax pursues Hong Kong IPO to expand global reach"},"content":{"rendered":"<p>Chinese artificial intelligence start-up MiniMax plans to channel funds from its proposed Hong Kong initial public offering (IPO) into research and development as it seeks to <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/tech\/article\/3335892\/ai-race-comes-down-power-and-data-centres-and-china-has-edge-says-unicorn-hunter?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">compete with global and domestic rivals<\/a>, according to a person familiar with the matter.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The Shanghai-based firm, backed by Alibaba Group Holding and Tencent Holdings, was aiming for a listing as early as January, the person said. The IPO size had not been finalised, despite a July media report suggesting a range between HK$4 billion (US$514 million) and HK$5 billion, another source said. Alibaba owns the South China Morning Post.<\/p>\n<p>The listing is pending approval from the China Securities Regulatory Commission after the company filed its listing application with the Hong Kong stock exchange <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/business\/banking-finance\/article\/3318485\/minimax-world-class-ai-start-lauded-jensen-huang-applies-hong-kong-ipo?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">confidentially<\/a>.<img decoding=\"async\" alt=\"MiniMax founder Yan Junjie is focusing on developing multimodal AI models. Photo: Handout\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2025\/12\/dcbf6ee1-60f7-4277-89c4-f2178afe2bb4_53e6c225.jpg\" title=\"MiniMax founder Yan Junjie is focusing on developing multimodal AI models. Photo: Handout\"\/>MiniMax founder Yan Junjie is focusing on developing multimodal AI models. Photo: Handout<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Domestic rival Zhipu was reportedly considering a Hong Kong listing around the same time. MiniMax and Zhipu are among the four new generative AI tigers of China \u2013 along with Baichuan and Moonshot AI.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">MiniMax and Ziphu declined to comment.<\/p>\n","protected":false},"excerpt":{"rendered":"Chinese artificial intelligence start-up MiniMax plans to channel funds from its proposed Hong Kong initial public offering (IPO)&hellip;\n","protected":false},"author":2,"featured_media":180734,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,2939,343,344,105383,1657,26996,3388,2943,105384,3448,85,23831,46,19460,15430,1748,5733,125,12791,105382],"class_list":{"0":"post-180733","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-alibaba-group-holding","10":"tag-artificial-intelligence","11":"tag-artificialintelligence","12":"tag-baichuan","13":"tag-china","14":"tag-china-securities-regulatory-commission","15":"tag-chinese","16":"tag-deepseek","17":"tag-gaorong-ventures","18":"tag-hong-kong","19":"tag-il","20":"tag-ipo","21":"tag-israel","22":"tag-minimax","23":"tag-moonshot-ai","24":"tag-openai","25":"tag-shanghai","26":"tag-technology","27":"tag-tencent-holdings","28":"tag-zhipu"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/180733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=180733"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/180733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/180734"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=180733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=180733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=180733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}