MiniMax's Hong Kong IPO Supported by Alibaba and ADIA, Raising Over $600 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 30 2025- Significant Funding: MiniMax is set to launch its Hong Kong IPO aiming to raise over $600 million, backed by Alibaba and the Abu Dhabi Investment Authority, highlighting strong international investor interest in China's AI sector.
- Increased Market Competition: This IPO positions MiniMax alongside leading Chinese AI firms, focusing on the development of multimodal models, which is expected to drive advancements in its tech offerings and intensify competition in the domestic market.
- Investor Engagement: Alibaba has acquired approximately a 13.66% stake, aiming to integrate AI models into its cloud services, reflecting global attention on Chinese AI innovations and potentially catalyzing further investments in AI startups.
- Regulatory Scrutiny: Hong Kong regulatory bodies are reportedly scrutinizing MiniMax's IPO plans, indicating heightened interest from international investors and potentially setting a benchmark for future Chinese AI listings.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
