Southbound funds go wild: Minimax's fundraising ability is astonishing, buying scale exceeds Alibaba and Tencent
The capital market shows unprecedented enthusiasm for China's new generation of artificial intelligence. The domestic large model company Minimax has become the most favored stock listing for mainland investors. In August, mainland investors bought its stocks through Hong Kong Stock Connect worth 10.6 billion Hong Kong dollars, with a fundraising scale leading among similar innovative companies, even surpassing giants like Alibaba.