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Alibaba and Abu Dhabi to Invest $600 Million in MiniMax Hong Kong IPO

Summary: According to Bloomberg, Chinese AI startup MiniMax has secured Alibaba Group Holding Limited and Abu Dhabi Investment Authority as key supporters for its Hong Kong IPO. Sources revealed that MiniMax plans to raise over $600 million through this IPO, with investor subscriptions starting as early as Wednesday and listing in January.

According to Bloomberg, Chinese AI startup MiniMax has secured Alibaba Group Holding Limited and Abu Dhabi Investment Authority as key supporters for its Hong Kong IPO. Sources revealed that MiniMax plans to raise over $600 million through this IPO, with investor subscriptions starting as early as Wednesday and listing in January.

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