Alibaba and Abu Dhabi to Co-Invest $600 Million in MiniMax's Hong Kong IPO

Alibaba and Abu Dhabi to Co-Invest $600 Million in MiniMax's Hong Kong IPO

BlockBeats

BlockBeats2025/12/30 12:50

BlockBeats News, December 30th, according to Bloomberg, Chinese artificial intelligence startup MiniMax has secured Alibaba Group Holding Limited and the Abu Dhabi Investment Authority as key backers for its Hong Kong IPO. Sources revealed that MiniMax plans to raise over $600 million through this IPO, with the earliest start of investor share subscription set for Wednesday and listing in January.

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