$MINIMAX-W(00100)$ rose more than 14% intraday today, currently trading at 353.0.
On August 18, MiniMax was included in the Hong Kong Stock Connect and the Hang Seng TECH 100 Index, which enhanced its market liquidity and visibility. Previously, there had been no pure-play large model concept stocks available to mainland investors.
On August 20, MiniMax launched MiniMax Design, a multimodal creative Agent workspace. The product is positioned as a "Harness" architecture that translates multimodal large models into actual productive capabilities. The goal is to transform the capabilities of its latest video model H3 into a complete workflow that can be directly applied to commercial content production. This move pushes the model toward commercial content generation. Previously, MiniMax faced significant commercialization challenges due to being squeezed on price by both top-tier industry models and DeepSeek. The new product is expected to accelerate MiniMax's commercialization and help the company navigate out of its current difficulties.
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