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MiniMax
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Chinese AI firm Z.ai shares tumble over 10% after announcing $5 billion fundraising, its second major raise in two months
The Beijing-based company plans to raise approximately $2 billion through a new share placement at HK$714 per share, a 10% discount to its Friday closing price. Separately, Z.ai will issue $3 billion
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Chinese AI company MiniMax has increased its three-year cloud computing procurement cap with Alibaba by 220% to $1.2 billion to meet surging AI hashrate demand.
The Shanghai-based company plans to spend up to $300 million on Alibaba Cloud services this year, nearly triple its initial cap of $115 million, after having used two-thirds of that budget by the end
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MiniMax announced its H1 2026 results: Revenue increased by 283% year-on-year to $116.6 million, and August ARR exceeded $800 million.
MiniMax released its H1 2026 results on August 26, with total revenue reaching $116.6 million, a year-on-year increase of 283%. Among this, revenue from the open platform and AI enterprise services wa
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Chinese AI company MiniMax's H1 revenue grew 283% to $116.6 million, with enterprise business soaring 700%.
Chinese AI company MiniMax announced on Wednesday that its first-half revenue increased by 283% year-on-year to $116.6 million, with enterprise business growing by 700% being the main driver. However,
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Hong Kong Media: Hang Seng Index May Include AI Companies Such as Zhipu AI and Zhipu AI, Quarterly Review Results to Be Announced on Friday
The move is reportedly aimed at increasing the weighting of the Hang Seng Index in the technology sector. Several investment banks, including CICC, believe that these two AI model developers are most
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JPMorgan Chase raised Zhipu's target price to HKD 1,800 and MiniMax's target price to HKD 260, stating that Zhipu's GLM-5.3 upgrade and DeepSeek's price increase are reshaping China's AI landscape.
JPMorgan Chase noted in its research report on August 16 that the release of Zhipu GLM-5.3 and DeepSeek's API price increase effective August 17 are changing the competitive landscape of China's AI mo
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Morgan Stanley Turns Bullish on China AI Stocks, Raises Price Target for One Company to HK$1,700 From HK$990
Morgan Stanley has turned bullish on China's AI stocks, anticipating a shift in the country's large language model (LLM) market from price wars towards smarter models and stronger monetization. The ba
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China's MiniMax curbs overseas access to its new H3 AI video model in US, EU, UK, and South Korea over copyright disputes
Chinese artificial intelligence company MiniMax has open-sourced its new H3 video model but imposed licensing conditions on users in major overseas markets including the US, European Union, UK, and So
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Bybit Lists MINIMAXUSDT Perpetual Contract with Up to 25x Leverage
Bybit has listed the MINIMAXUSDT Perpetual Contract, with trading now open and offering up to 25x leverage. The contract is also available for trading via Futures bots.
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Bitget Launches the Industry’s First TradFi Quanto Perpetual Contract, with MINIMAX as the Initial Underlying Asset
Svmuu News: Bitget has announced the launch of the MINIMAX Quanto perpetual contract, MINIMAXHKDUSDT, which supports up to 20x leverage and 24/7 trading. As the industry’s first TradFi Quanto perpetua
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Zhipu's Placement Completed; JPMorgan Chase Raises Zhipu's Target Price Again
Svmuu News JPMorgan Chase has raised its target price for Zhipu (02513.HK) by 20%. This marks the second time in a week that the firm has raised its target price for this Chinese large-model company,
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MINIMAX Plans to Raise Over HK$9.5 Billion Through a Rights Offering at a 9.8% Discount
Svmuu News: On July 10, MINIMAX-W (00100.HK) announced on HKEX that it plans to place 35.6 million new Class A shares at a placement price of HK$268.00 per share (a discount of 9.89%),with proceeds fr
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Bitget Adds Zhipu AI and MiniMax Stock Perpetual Contracts, Supporting Up to 20x Leverage
Svmuu News: According to an official announcement, to meet users’ diverse investment needs, Bitget has launched two stock perpetual contracts: ZHIPU (Zhipu AI) and MINIMAX (MiniMax). Both are settled
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MiniMax Launches MiniMax M3 Model (Jin Shi Data APP)
Svmuu News: MINIMAX-W (00100.HK) announced the launch of the MiniMaxM3 model. The announcement stated, "MiniMaxM3 has achieved cutting-edge capabilities in professional tasks such as programming and i
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Chinese AI firm Z.ai shares tumble over 10% after announcing $5 billion fundraising, its second major raise in two months
The Beijing-based company plans to raise approximately $2 billion through a new share placement at HK$714 per share, a 10% discount to its Friday closing price. Separately, Z.ai will issue $3 billion
-
Chinese AI company MiniMax has increased its three-year cloud computing procurement cap with Alibaba by 220% to $1.2 billion to meet surging AI hashrate demand.
The Shanghai-based company plans to spend up to $300 million on Alibaba Cloud services this year, nearly triple its initial cap of $115 million, after having used two-thirds of that budget by the end
-
MiniMax announced its H1 2026 results: Revenue increased by 283% year-on-year to $116.6 million, and August ARR exceeded $800 million.
MiniMax released its H1 2026 results on August 26, with total revenue reaching $116.6 million, a year-on-year increase of 283%. Among this, revenue from the open platform and AI enterprise services wa
-
Chinese AI company MiniMax's H1 revenue grew 283% to $116.6 million, with enterprise business soaring 700%.
Chinese AI company MiniMax announced on Wednesday that its first-half revenue increased by 283% year-on-year to $116.6 million, with enterprise business growing by 700% being the main driver. However,
-
Hong Kong Media: Hang Seng Index May Include AI Companies Such as Zhipu AI and Zhipu AI, Quarterly Review Results to Be Announced on Friday
The move is reportedly aimed at increasing the weighting of the Hang Seng Index in the technology sector. Several investment banks, including CICC, believe that these two AI model developers are most
-
JPMorgan Chase raised Zhipu's target price to HKD 1,800 and MiniMax's target price to HKD 260, stating that Zhipu's GLM-5.3 upgrade and DeepSeek's price increase are reshaping China's AI landscape.
JPMorgan Chase noted in its research report on August 16 that the release of Zhipu GLM-5.3 and DeepSeek's API price increase effective August 17 are changing the competitive landscape of China's AI mo
-
Morgan Stanley Turns Bullish on China AI Stocks, Raises Price Target for One Company to HK$1,700 From HK$990
Morgan Stanley has turned bullish on China's AI stocks, anticipating a shift in the country's large language model (LLM) market from price wars towards smarter models and stronger monetization. The ba
-
China's MiniMax curbs overseas access to its new H3 AI video model in US, EU, UK, and South Korea over copyright disputes
Chinese artificial intelligence company MiniMax has open-sourced its new H3 video model but imposed licensing conditions on users in major overseas markets including the US, European Union, UK, and So
-
Bybit Lists MINIMAXUSDT Perpetual Contract with Up to 25x Leverage
Bybit has listed the MINIMAXUSDT Perpetual Contract, with trading now open and offering up to 25x leverage. The contract is also available for trading via Futures bots.
-
Bitget Launches the Industry’s First TradFi Quanto Perpetual Contract, with MINIMAX as the Initial Underlying Asset
Svmuu News: Bitget has announced the launch of the MINIMAX Quanto perpetual contract, MINIMAXHKDUSDT, which supports up to 20x leverage and 24/7 trading. As the industry’s first TradFi Quanto perpetua
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Zhipu's Placement Completed; JPMorgan Chase Raises Zhipu's Target Price Again
Svmuu News JPMorgan Chase has raised its target price for Zhipu (02513.HK) by 20%. This marks the second time in a week that the firm has raised its target price for this Chinese large-model company,
-
MINIMAX Plans to Raise Over HK$9.5 Billion Through a Rights Offering at a 9.8% Discount
Svmuu News: On July 10, MINIMAX-W (00100.HK) announced on HKEX that it plans to place 35.6 million new Class A shares at a placement price of HK$268.00 per share (a discount of 9.89%),with proceeds fr
-
Bitget Adds Zhipu AI and MiniMax Stock Perpetual Contracts, Supporting Up to 20x Leverage
Svmuu News: According to an official announcement, to meet users’ diverse investment needs, Bitget has launched two stock perpetual contracts: ZHIPU (Zhipu AI) and MINIMAX (MiniMax). Both are settled
-
MiniMax Launches MiniMax M3 Model (Jin Shi Data APP)
Svmuu News: MINIMAX-W (00100.HK) announced the launch of the MiniMaxM3 model. The announcement stated, "MiniMaxM3 has achieved cutting-edge capabilities in professional tasks such as programming and i
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