Artificial intelligenceMoves follow blockbuster Hong Kong IPOs and come amid heavy capex spendingChinese AI startups Zhipu and Minimax enjoyed successful Hong Kong IPOs. They are hoping to replicate that on the mainland with dual listings. (Source photos by Getty Images)CISSY ZHOU and WATARU SUZUKIJune 2, 2026 15:01 JSTHONG KONG/SHANGHAI -- Chinese AI startups MiniMax and Zhipu are both planning to apply for domestic listings in Shanghai, corporate filings show, as the two face ongoing pressure from the heavy spending on computing power and research and development needed to stay in the artificial intelligence race.