MiniMax once led Zhipu in Hong Kong’s AI stock race. How the tables have turned
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When Chinese artificial intelligence developers Zhipu AI and MiniMax made their debuts on the Hong Kong stock exchange in January, investors initially saw one as a better bet than the other.
Beijing-based Zhipu closed its first trading day on January 8 with a market capitalisation of HK$57.9 billion (US$7.4 billion). A day later, Shanghai-based MiniMax listed at HK$106.7 billion, almost twice as large.
Five months on, however, Zhipu – traded as Knowledge Atlas Technology – has surged ahead. At..
Beijing-based Zhipu closed its first trading day on January 8 with a market capitalisation of HK$57.9 billion (US$7.4 billion). A day later, Shanghai-based MiniMax listed at HK$106.7 billion, almost twice as large.
Five months on, however, Zhipu – traded as Knowledge Atlas Technology – has surged ahead. At..
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