Yeyi Yun, co-founder and president of Shanghai-based AI startup MiniMax, said at the Goldman Sachs Asia Leadership Conference in Hong Kong on September 1 that artificial general intelligence will be a…
Chinese AI startup MiniMax reported first-half revenue of $116.6 million for the six months ended June 30, a 283.1% surge from a year earlier, driven by demand for its low-cost models and AI platform.…
MiniMax Group, the Shanghai-based multimodal AI company, reported revenue of $116.6 million for the first half of 2026, a 283.1% increase from $30.4 million in the same period last year, driven by a 7…
Short-selling volumes for Zhipu AI (Z.AI Co.) and MiniMax Group Inc. hit all-time highs in June 2026, with Zhipu recording 178,900 shares shorted (HK$430 million) and MiniMax 239,700 shares (HK$141 mi…
Alibaba Group Holding Ltd. priced a HK$80 billion ($10.21 billion) placement of 710 million new shares at HK$112.70 each, an 8.4% discount to Friday's close, to fund its AI infrastructure, and its Hon…
Alibaba Group Holding founder Jack Ma has bought more than HK$600 million worth of the company's Hong Kong-listed shares on consecutive days, signalling confidence in the firm's AI ambitions, accordin…
Alibaba Group has priced an HK$80 billion (US$10.3 billion) placement of 710 million new ordinary shares at HK$112.70 each in Hong Kong, with net proceeds of approximately HK$79.7 billion earmarked fo…
Alibaba Group's Hong Kong-listed shares plunged nearly 10% to approximately HK$111-112.10 after the company announced a record HK$80 billion primary share placement, pricing 710 million new shares at …
Mech-Mind Robotics Technologies, a Beijing-based AI robotics firm, is set to take investor orders for a Hong Kong IPO targeting approximately $300 million (HK$2.34 billion) after clearing its HKEX lis…
Semiconductor Manufacturing International Corporation (SMIC) reported Q2 2026 net profit attributable to shareholders of $479.2 million, more than tripling year-over-year and nearly doubling analyst e…
Moore Threads, a Chinese AI chip developer, plans to list on the Hong Kong Stock Exchange after reporting a 147% jump in first-half revenue to 1.7 billion yuan (US$252 million), with net loss narrowin…
A person familiar with the matter denied a report that Moonshot AI, the company behind the Kimi chatbot, could file for a Hong Kong IPO as early as this month, according to National Business Daily. Th…
A person familiar with the matter said a report claiming Moonshot AI could submit a Hong Kong IPO application as early as this month is untrue, according to National Business Daily. The source-level r…
MiniMax Group released its H3 multimodal video generation model on July 31, capable of producing 2K resolution videos with stereo sound at less than one-third the cost per second of mainstream competi…
Zhongji Innolight opened at HK$971, about 0.9% below its HK$980 offer price, after raising HK$53.41 billion ($6.81 billion) in Hong Kong's largest share sale since Alibaba's 2019 secondary listing. Th…
Coolpad plans to expand into AI infrastructure in 2026, covering AI computing devices, intelligent storage systems and integrated solutions, according to a Hong Kong Stock Exchange filing. The company…
Moonshot AI founder Yang Zhilin has retained China's strongest AI research team despite a brutal talent war, positioning the Beijing startup for a potential $30 billion Hong Kong IPO in 2026. The 80-p…
Z.ai, the Beijing-based AI developer formerly known as Zhipu, has completed construction and begun partial operations at a 1-gigawatt data center built exclusively on Chinese-made AI accelerators, Blo…
Axiom Biosciences, a San Diego-based clinical-stage biotech, plans a Hong Kong IPO in 2027 targeting at least $200 million, followed by a U.S. secondary listing in 2029, citing deep biotechnology capi…
Kuaishou Technology filed a notice on the Hong Kong Stock Exchange on July 2, revealing that its AI video generation unit Kling secured approximately $2.8 billion in investor commitments, expandable t…