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Zhipu AI's successful IPO sets the stage for MiniMax’s market
Daily News
|January 09, 2026
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Chinese artificial intelligence startup Zhipu AI soared as it went public in Hong Kong yesterday, a day before rival MiniMax also makes its market debut in a litmus test for the country’s rapidly developing sector.Shares in Zhipu AI, which runs the Z.ai tool, rallied as much as 11.8% in early trade after its oversubscribed initial public offering raised HK$4.35 billion (about R9.21bn).
This week’s flotations come before any IPO announcements from top US startups OpenAl, the maker of ChatGPT, and Anthropic, known for its Claude chatbot.
But analysts said profits were unlikely any time soon from either company - the first two IPOs among China’ so-called “six tigers’, generative AI providers competing with tech giants such as Alibaba and ByteDance.
Cette histoire est tirée de l'édition January 09, 2026 de Daily News.
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