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MiniMax soars 78% on first day of HK trade
Bangkok Post
|January 10, 2026
MiniMax Group, the second so-called Chinese “AI tiger” to go public, rocketed 78% higher on its first day of Hong Kong trade yesterday, outshining fellow tiger Zhipu Al as investors clamoured fora piece ofa startup with popular consumer apps.
The listing by MiniMax, which raised HK$4.8 billion ($620 million) in its IPO to fund research and development, follows a solid 13% climb in Thursday's debut by Zhipu AL.
MiniMax shares were last trading at HK$294 per share, versus the offer price of HK$165.00, valuing the company at about $11.6 billion. At one point, the shares rose as high as HK$299.
“MiniMax's focus on the consumer market appealed more to investors seeking high-growth opportunities, whereas Zhipu’s enterpriseand government-oriented model was perceived as more stable but less exciting ina market driven by hype, said Lian Jye Su, chief analyst at tech research firm Omdia.
This story is from the January 10, 2026 edition of Bangkok Post.
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