MiniMax Plummets 12.69%: Amid HK$16 Billion in Financing and Pressure to Commercialize AI, What Signals Should Investors Watch?
On August 14, 2026 (Beijing Time), shares of Hong Kong-listed AI company MiniMax Group Inc. (HKG: 0100) closed at HK$329.00, down 12.69% for the day, on significantly higher trading value. After being added to the Stock Connect program on August 6, the stock had surged as much as 29.24%. The sharp pullback was not an isolated event—the Hang Seng Index closed down 1.1% that day, and the technology sector came under broad pressure. However, MiniMax’s decline of more than 12% significantly underper




















