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MINIMAX PREPARES SHANGHAI IPO AFTER HONG KONG LISTING

Shanghai-based AI company MiniMax has filed to pursue a domestic IPO in China, following its January Hong Kong listing that valued the company based on $300M annual recurring revenue.

5 SOURCESFIRST SEEN MAY 30, 05:55 AM► READ THE ARTICLE

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Filing shows Shanghai-based MiniMax has begun preparations for a Chinese IPO; the AI company listed in Hong Kong in January and says its ARR has reached $300M (Bloomberg)

Bloomberg: Filing shows Shanghai-based MiniMax has begun preparations for a Chinese IPO; the AI company listed in Hong K…

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Chinese AI developer MiniMax debuts M3, a new coding model that it says rivals Claude Opus 4.7, costing $0.12 per 1M input tokens, compared with $5 for Opus 4.7 (Juro Osawa/The Information)

Juro Osawa / The Information: Chinese AI developer MiniMax debuts M3, a new coding model that it says rivals Claude Opus…

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Procurement records show at least seven Chinese universities that support the country's military and defense industry are seeking access to Nvidia's H200 chips (Bloomberg)

Bloomberg: Procurement records show at least seven Chinese universities that support the country's military and defense…

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Zhipu AI says it plans to apply for a listing in Shanghai; Zhipu's Hong Kong-listed shares are up over 10x since its January IPO, giving it an $83B market cap (Reuters)

Reuters: Zhipu AI says it plans to apply for a listing in Shanghai; Zhipu's Hong Kong-listed shares are up over 10x sinc…

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Baidu CFO Henry He says the company expects to spin off and list its chip unit Kunlunxin in Hong Kong and Shanghai in 2026, making it a "neutral player" (Tracy Qu/Wall Street Journal)

Tracy Qu / Wall Street Journal: Baidu CFO Henry He says the company expects to spin off and list its chip unit Kunlunxin…

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