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AI News from ET - Chinese AI firm MiniMax targets $4 billion-plus valuation in Hong Kong IPO, sources say

Vishwadeep Khatri
in AI News & Two Lenses

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Chinese AI startup MiniMax has confidentially filed for a Hong Kong IPO, targeting a valuation over $4 billion and aiming to raise up to $637 million. Backed by major investors like Alibaba and Tencent, MiniMax is among China’s first generative AI firms seeking a listing amid rising investor interest in AI.

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