Hong Kong’s heavy investment in public works will keep the capital account in deficit, highlighting the need for bond issuances to fund critical infrastructure and long-term development, the finance ...
MiniMax Shares Jump 109% After $619 Million Hong Kong IPO
MiniMax Group Inc., one of China's largest generative AI startups, delivered a blockbuster Hong Kong debut after raising $619 million in its initial public offering, highlighting growing investor appetite for Chinese AI software players.
Hong Kong’s finance chief confirms early surplus, vows more elderly support
Paul Chan cites financial market performance and stock trading stamp duty for surplus, as he addresses calls for more welfare at public forum.
Hong Kong’s Financial Sector Is Undergoing Digital Transformation, Enabled by Web3 Technologies : Analysis
Hong Kong's financial sector is currently undergoing a significant digital transformation, positioning itself as a hub in global finance.
MiniMax shares double in Hong Kong debut after US$619m IPO
The stock was priced at HKD165 (US$21.17 or $27.23) apiece in an upsized offering, with retail investors subscribing to more than 1,830 times the shares available.
MiniMax doubles in Hong Kong debut, marking yet another Chinese AI listing
Shares of MiniMax surged in their first day of trading in Hong Kong, in what represents the second major Chinese LLM company to go public.
MiniMax Stock Explodes 100% in Hong Kong AI IPO Debut
The Shanghai-based company launched at HK$165 per share and reached peaks of HK$330, valuing the firm at approximately $13 billion. Retail investors went wild for the stock, oversubscribing shares by ...
MiniMax lists in Hong Kong as largest IPO among AI foundation model companies
Shanghai-based AI company MiniMax listed on the Hong Kong Stock Exchange on Jan. 9. Shares surged more than 50% during intraday trading, pushing the ...
MiniMax jumps 54% in Hong Kong debut after US$619 million IPO
The startup is trying to one-up DeepSeek and OpenAI with consumer chatbots at home and abroad Read more at The Business Times.
Hang Seng Bank shareholders approve HSBC’s US$14 billion privatisation bid
HSBC receives strong backing from Hang Seng Bank’s independent shareholders, getting 85.75 per cent of the votes.
Chinese AI Stock Surges After IPO—with More Offerings to Come
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Zhipu Leads China’s ‘AI Tigers’ With Hong Kong IPO
Its listing marks a milestone for the country’s broader AI industry, which has been under pressure from tightening U.S. technology restrictions.
Three Chinese tech stocks gain in Hong Kong debuts as investors jump on AI, robotics
Chinese start-up Zhipu AI headlined a trio of technology new listings in Hong Kong on Thursday, in a key test of investor confidence in China’s AI industry as it goes head to head with US giants.
Baillie Gifford, GIC are said to buy shares in MiniMax’s HK$4.8 billion Hong Kong IPO
Shares of MiniMax, one of China’s largest generative AI startups that is seen as a challenger to OpenAI Read more at The Business Times.