The Hong Kong-listed startup plans a STAR Market listing after a 400% stock rally, even as mounting compute costs and fierce competition deepen pressure on profitability

Chinese AI model company hires Citic Securities to prepare a mainland share sale, with the listing venue yet to be confirmed.

MiniMax Group Inc., a Shanghai-based AI startup, is gearing up for a China listing following its Hong Kong IPO, intensifying competition with local AI players like DeepSeek.