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Zhipu overtakes MiniMax in Hong Kong AI stock race

Two Chinese AI companies, MiniMax and Zhipu (Knowledge Atlas), were listed on the Hang Seng Tech Index in January. MiniMax initially had a higher debut valuation than Zhipu. However, Zhipu has since experienced significant growth, surpassing MiniMax in market performance. AI

IMPACT Highlights the volatile but rapidly growing market for AI companies in China, impacting investment strategies.

RANK_REASON Significant market performance shift for two major AI companies listed on a key tech index. [lever_c_demoted from significant: ic=1 ai=0.7]

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COVERAGE [1]

  1. Mastodon — fosstodon.org TIER_1 English(EN) · [email protected] ·

    MiniMax and Zhipu (Knowledge Atlas) both listed on Hong Kong's Hang Seng Tech Index in January. MiniMax debuted at HK$106.7B, nearly twice Zhipu's HK$57.9B. Fiv

    MiniMax and Zhipu (Knowledge Atlas) both listed on Hong Kong's Hang Seng Tech Index in January. MiniMax debuted at HK$106.7B, nearly twice Zhipu's HK$57.9B. Five months on, Zhipu has surged ahead - a remarkable reversal. https://www. scmp.com/tech/big-tech/article /3356390/minima…