Zhipu’s valuation now eclipses MiniMax, but looming lock-up tests may unleash volatility in Hong Kong’s AI stocks, analysts say.

Substantial passive inflows may follow the entry of pure-play AI companies into Hong Kong’s benchmark tech gauge, analysts say.

MiniMax and Zhipu AI join Hong Kong’s Hang Seng Tech Index, highlighting rising investor confidence in China’s growing AI sector.

Zhipu’s valuation now eclipses MiniMax, but looming lock-up tests may unleash volatility in Hong Kong’s AI stocks, analysts say.

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