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MiniMax Surges Over 18%, Market Value Exceeds HKD 256.6 Billion
On May 13, the Hong Kong stock market saw continued surges from major AI players, with MINIMAX-W’s increase expanding to over 18% by the close of trading, while Zhizhu’s rise reached 36%. MiniMax’s stock price reported over HKD 818, marking an increase of more than four times from its issue price of HKD 165, with a latest market value exceeding HKD 256.6 billion. Multiple factors have boosted market sentiment, including positive signals from diplomatic channels. China’s Ambassador to the U.S., Xie Feng, stated in an interview today that China has become the largest holder of global artificial intelligence patents and an important engine for global intelligent transformation. He specifically mentioned MiniMax’s full-modal model achieving ‘comprehensive coverage,’ placing it alongside Seedance 2.0 video generation model and DeepSeek-V4 as representative cases of progress in China’s AI industry. (Sina Technology)