MiniMax Group plans to raise HK$14.54 billion ($2B) through new shares and convertible bonds, just months after its Hong Kong IPO raised $619 million.

Chinese AI firm MiniMax is developing a 2.7 trillion-parameter model. This new model could become the world's largest open-weight AI system. Cheaper Chinese AI models are gaining…

MiniMax Group plans to raise HK$14.54 billion ($2B) through new shares and convertible bonds, just months after its Hong Kong IPO raised $619 million.