AI Unicorn MiniMax Passes HK Exchanges Listing Hearing: Alibaba and Tencent Jointly Invest
Chinese AI startup MiniMax (Xiyu Technology) has passed the listing hearing of the Hong Kong Stock Exchange, and is expected to become the AI technology company with the shortest time from establishment to IPO. The company was established in early 2022, with strong financial performance, ending September 2025 with a cash balance of 1.046 billion USD.
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