Who is betting on what in AI, and against whom.
MiniMax
Listed in Hong Kong, January 2026.
- Ticker
HKEX:2610- HQ
- Shanghai
- Founded
- Dec 2021
- Web
- minimax.io
- Camps
- LLM scaling
What it does
MiniMax came out of a consumer content business and listed in Hong Kong on January 9, 2026, a day after Zhipu, raising about $710M and doubling on its first day.
Camp membership over time
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dates not recorded
Capital
| Amount | Kind | Valuation | Date | Investors | Source |
|---|---|---|---|---|---|
| $600M | funding round | $2.5B reported | Mar 2024 | Alibaba | SiliconANGLE |
| $710M | ipo | $13.70B reported | Jan 2026 | HK$5.54B raised at HK$165/share; closed day one at HK$345. | CNBC |