MiniMax enters the Hong Kong stock market: multiple global capital giants join forces to support, with a fundraising target exceeding $600 million

MiniMax, the highly anticipated AI startup, is making its final push for funding ahead of its Hong Kong listing. According to market sources, the company aims to raise over $600 million and plans to start investor subscriptions next Wednesday, with an official listing on the Hong Kong Stock Exchange scheduled for January next year.

Abu Dhabi Joins Forces with Tech Giants

The main supporters of this round of funding include two heavyweight players: the technology group Alibaba and an investment institution from Abu Dhabi. This combination highlights the strong confidence of global capital in MiniMax’s AI sector. As one of the most influential investment funds in the Middle East, the Abu Dhabi Investment Authority’s participation further solidifies the international aspect of this financing.

Strong Investment Consortium

In addition to Alibaba and the Abu Dhabi Investment Authority, this deal has attracted several cornerstone investors, including IDG Capital, Perseverance Asset Management, and Korea’s well-known asset management firm Mirae Asset. This investor lineup includes leading internet sector players as well as top global capital management institutions, reflecting broad market recognition of MiniMax’s growth prospects.

Funding Progress and Market Expectations

Although the specific terms of this funding round are still under final negotiation, all parties have reached a basic consensus. The scale of the financing, detailed conditions, and the final listing date may be adjusted as negotiations progress, which is normal in large financing deals. Regardless, the fact that MiniMax is about to enter the Hong Kong stock market is virtually certain, marking another AI company on the verge of gaining recognition in the public market.