{"id":206190,"date":"2025-12-29T05:24:09","date_gmt":"2025-12-29T05:24:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/206190\/"},"modified":"2025-12-29T05:24:09","modified_gmt":"2025-12-29T05:24:09","slug":"chinas-zhipu-and-minimax-race-to-go-public-ahead-of-openai-and-anthropic","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/206190\/","title":{"rendered":"China&#8217;s Zhipu and MiniMax race to go public ahead of OpenAI and Anthropic"},"content":{"rendered":"<p><img decoding=\"async\" class=\"image-main img-fluid ImageNew_imageNewImageResponsive__f1VTu\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/12\/https:\/\/cms-image-bucket-productionv3-ap-northeast-1-a7d2.s3.ap-northeast-1.amazonaws.com\/images\/7\/1.jpeg\" alt=\"20251224 Zhipu AI Minimax\" width=\"780\" height=\"auto\" loading=\"eager\"\/><\/p>\n<p class=\"NewsArticleCaption_newsArticleCaption__fxo8v\" data-trackable=\"caption\" data-dark-mode=\"false\" style=\"display:block\">Zhipu AI and MiniMax, both dogged by losses, are expecting big payoffs from their Hong Kong listings.\u00a0\u00a0(Source photos by Getty and AP)<\/p>\n<p>CISSY ZHOU<\/p>\n<p>December 29, 2025 10:17 JST<\/p>\n<p data-dark-mode=\"false\" class=\"Paragraph_paragraph__2p1wC\">HONG KONG &#8212; Two high-profile Chinese AI startups &#8212; Zhipu AI and MiniMax &#8212; have filed to list in Hong Kong, offering a rare glimpse into the state of the country&#8217;s large language model sector as it burns through cash and grapples with U.S. restrictions on access to advanced chips.<\/p>\n","protected":false},"excerpt":{"rendered":"Zhipu AI and MiniMax, both dogged by losses, are expecting big payoffs from their Hong Kong listings.\u00a0\u00a0(Source photos&hellip;\n","protected":false},"author":2,"featured_media":206191,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[3017,365,6166,363,364,4413,29419,26578,111,139,69,620,3109,7798,145,125871],"class_list":{"0":"post-206190","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ahead","9":"tag-ai","10":"tag-anthropic","11":"tag-artificial-intelligence","12":"tag-artificialintelligence","13":"tag-chinas","14":"tag-go","15":"tag-minimax","16":"tag-new-zealand","17":"tag-newzealand","18":"tag-nz","19":"tag-openai","20":"tag-public","21":"tag-race","22":"tag-technology","23":"tag-zhipu"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/206190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=206190"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/206190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/206191"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=206190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=206190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=206190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}