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Zhipu AI closed Friday at HK$1,097 ($140), down 45% from a May 29 intraday high of HK$1,993. Photo: VCG
AI Stocks Zhipu, MiniMax Slide as Lock-Up Expirations Near
Shares in the Hong Kong-listed Chinese AI developers have fallen by roughly half in two weeks, exposing the risks of thin liquidity and elevated valuations
TL;DRAI
Zhipu AI and MiniMax fell 45% and 53% respectively ahead of early-July lock-up expirations for cornerstone investors. The correction reflects unwinding of initial investor positions amid capital rotation toward established mega-cap tech platforms.
248 words~1 min read
