MiniMax-W Included in Hong Kong Stock Connect on August 6, Expected Inflows Over 10 Billion HKD

According to Zhitong Finance, on August 6, MiniMax-W (00100) was officially included in Hong Kong Stock Connect, marking the AI platform company's opening to mainland capital after meeting the requirement of being listed for six months plus 20 trading days. LiveReport data showed that first-day Stock Connect allocation capital reached at least 10 billion HKD, with total potential sustained inflows exceeding 100 billion HKD. Multiple brokerages including Goldman Sachs and Bank of America have issued buy ratings, citing the inclusion as a key catalyst for valuation recovery. The company's 2025 revenue reached 78.04 million USD, up 158.9% year-over-year, with gross profit surging 437.2% to 20.08 million USD. Annual Recurring Revenue (ARR) accelerated from approximately 100 million USD in December 2025 to 430 million USD by April 2026.
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