{"id":226330,"date":"2026-01-10T06:47:20","date_gmt":"2026-01-10T06:47:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/226330\/"},"modified":"2026-01-10T06:47:20","modified_gmt":"2026-01-10T06:47:20","slug":"minimax-stock-doubles-on-hong-kong-debut","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/226330\/","title":{"rendered":"Minimax stock doubles on Hong Kong debut"},"content":{"rendered":"<p>\t\t\t<a href=\"https:\/\/the-decoder.com\/author\/maximilian-schreiner\/\" class=\"w-6 h-6 relative rounded-full overflow-hidden shrink-0 bg-gray-400 block   exclude-from-pdf\" title=\"View all posts by Maximilian Schreiner\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n\t\t\t\t<img loading=\"lazy\" data-lazyloaded=\"1\" alt=\"Maximilian Schreiner\" src=\"\/resources\/images\/avatar_maximilian_schreiner.jpg\"  class=\"avatar avatar-24 photo w-6 h-6 left-0 top-0 absolute\" height=\"24\" width=\"24\" decoding=\"async\"\/>\t\t\t<\/a><\/p>\n<p>Shares of Chinese AI startup Minimax doubled in value during their Hong Kong Stock Exchange debut. The stock closed up 109 percent at 345 Hong Kong dollars, CNBC reports. Minimax significantly outperformed local rival Zhipu AI, whose shares gained just 13 percent the day before. The IPO raised around $620 million for Minimax.<\/p>\n<p>The company, backed by Alibaba and Tencent, develops language models for <a href=\"https:\/\/the-decoder.com\/minimax-m1-comes-close-to-gemini-2-5-pro-efficiency-when-handling-large-context-windows\/\" rel=\"nofollow noopener\" target=\"_blank\">chatbots<\/a> and <a href=\"https:\/\/the-decoder.com\/minimaxs-hailuo-02-tops-google-veo-3-in-user-benchmarks-at-much-lower-video-costs\/\" rel=\"nofollow noopener\" target=\"_blank\">video generation<\/a>. Despite having over 200 million users and revenue jumping to $53.4 million, Minimax reported a $512 million loss for the first nine months of 2025. The company says it&#8217;s funneling earnings into research. Meanwhile, Disney, Universal, and Warner Bros have been <a href=\"https:\/\/the-decoder.com\/disney-universal-and-warner-bros-sue-minimax-over-ai-use-of-iconic-characters\/\" rel=\"nofollow noopener\" target=\"_blank\">suing Minimax for copyright infringement<\/a> since September 2025.<\/p>\n<p>\t\t\t\tAI News Without the Hype \u2013 Curated by Humans<\/p>\n<p>\n\t\t\t\t\tAs a THE DECODER subscriber, you get ad-free reading, our weekly AI newsletter, the exclusive &#8220;AI Radar&#8221; Frontier Report 6\u00d7 per year, access to comments, and our complete archive.\t\t\t\t<\/p>\n<p>\t\t\t\t<a href=\"https:\/\/the-decoder.com\/subscription\/\" class=\"inline-block text-white bg-(--heise-primary) mt-3 hover:bg-blue-800 focus:ring-4 focus:outline-none focus:ring-blue-300 font-medium rounded-sm w-full sm:w-auto  pl-3 pr-3 py-2.5 text-center newsletter-submit-button hover:no-underline\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n\t\t\t\t\tSubscribe now\t\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Shares of Chinese AI startup Minimax doubled in value during their Hong Kong Stock Exchange debut. The stock&hellip;\n","protected":false},"author":2,"featured_media":226331,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,26578,111,139,69],"class_list":{"0":"post-226330","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-minimax","11":"tag-new-zealand","12":"tag-newzealand","13":"tag-nz"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/226330","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=226330"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/226330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/226331"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=226330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=226330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=226330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}