
Chinese artificial intelligence (AI) start-up MiniMax, which counts Alibaba Group Holding and Tencent Holdings as investors, is moving towards an initial public offering (IPO) in Hong Kong as early as this year, according to media reports.Shanghai-based MiniMax, whose last funding round in March 2024 valued the company at US$2.5 billion, was in the “early stage” of preparations for the listing, according to a Wednesday report by Shanghai-based news outlet The Paper, citing unnamed sources close...