AI developers MiniMax Group and Knowledge Atlas Technology are listing in Hong Kong before pursuing mainland China stock offerings. This strategy aims to establish international valuations and attract global investors.
MiniMax, a Shanghai-based AI company, hires Citic Securities to prepare for a yuan-denominated share sale on China's onshore market, capitalizing on heightened global investor interest in AI stocks.
Chinese AI firms MiniMax Group and Zhipu AI will be added to the Hang Seng Tech Index on June 5, increasing its constituents to 93. Hansoh Pharmaceutical and Akeso will join the Hang Seng China Enterprises Index. Investor sentiment has been affected by the US-Israel war on Iran and weak results from Chinese tech platforms.
