MiniMax will see its first batch of shares become unlocked after its listing, with Alibaba and MiHoYo signaling that they will hold them long term.

Mars Finance News, according to Caixin, AI company MiniMax (0100.HK) will see its first batch of shares unlocked following its listing on the Hong Kong stock market on July 9, 2026. Ahead of this milestone, its two major core strategic investors, Alibaba and MiHoYo, have both clearly stated that they remain optimistic about the general artificial intelligence industry and MiniMax’s development prospects in the long run, and will continue to stay by the company’s side as it grows while deepening ecosystem collaboration in areas such as cloud computing and enterprise services.

It is reported that MiniMax’s founding team previously voluntarily set a lock-up period of up to 12 months, so this first batch of share unlockings does not involve the founding team or employee shareholdings. Public information shows that MiniMax was listed on the Hong Kong Stock Exchange in January this year; its current global user base is about 300 million, and its enterprise and developer customer base has exceeded 1 million. This month, the company released its new-generation flagship model, M3, and it officially kicked off the A-share STAR Market IPO advisory process in May.