IPO News | MiniMax, the Global AGI Pioneer with 212 Million Users, Reportedly Passes HKEX Hearing

Stock News12-17

MiniMax (Xiyu Technology), a leading AI unicorn, has reportedly obtained regulatory approval from the CSRC and passed the Hong Kong Stock Exchange (HKEX) hearing. Positioned as the "first global AGI stock," MiniMax is set to list in Hong Kong, offering investors a rare opportunity to tap into the AI boom.

The company is one of only four globally to achieve top-tier multimodal capabilities, with its self-developed models excelling across domains: - **Text Model (MiniMax M2)**: Ranked top five globally and first among open-source models on Artificial Analysis. - **Video Model (Hailuo 02 Series)**: Consistently ranked top three worldwide. - **Speech Model (Speech02 Series)**: Outperformed OpenAI to claim the top spot on international benchmarks.

MiniMax’s commercial success spans over 200 countries and regions, serving 212 million users and collaborating with enterprises and developers in 100+ markets. Its flagship products—MiniMax Agent, Hailuo AI, MiniMax Audio, Xingye Talkie, and an open platform—are monetized via paid subscriptions and API calls, earning recognition as a "sustainable AI commercialization case."

Backed by Alibaba, Tencent, miHoYo, Hillhouse, IDG, Sequoia China, and Matrix Partners, MiniMax is poised to fill a market gap as the AGI leader amid rapid global AI growth. Its IPO is anticipated to be a landmark event in 2026’s Hong Kong listings.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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