Rival Zhipu AI jumps 20.6% on its second trading day after $558m IPO
MiniMax's team includes researchers who previously worked for tech giants such as Google and Microsoft as well as China's Alibaba and DeepSeek. PHOTO: South China Morning Post
Shares in Chinese AI startup MiniMax soared 109 percent as it went public in Hong Kong on Friday, raising US$619 million in a sign that strong investor demand is rewarding the country's rapidly developing sector.
Rival firm Zhipu AI also saw gains, jumping 20.6 percent on its
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