Movement Alert｜MINIMAX-W Intraday Rise 3.3% in Regular Trading, open-source M3.1 Flash draws strong developer usage

Market Focus10-23

On October 23, MINIMAX-W rose 3.3% intraday in regular trading, with the stock trading at HK$167.7 and turnover of HK$273 million.

The move followed the company’s announcement that it had open-sourced the M3.1 Flash model, which processed more than 100 trillion tokens within three days of launch, pointing to strong developer adoption.

Earlier disclosures said M3.1 Flash improved inference speed by nearly three times and cut usage costs by 70%, while supporting agentic tasks, coding, computer use, and cybersecurity scenarios. Recent broker commentary also said the model’s pricing is competitive among major China flash large language models and that the combination of higher intelligence, higher throughput, and lower cost could help expand enterprise adoption, with a higher-end M3 Pro model expected before month-end.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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