China AI Startup MiniMax Hong Kong IPO Share Price Increased +109% on Day 1 Trading (9/1/26: IPO Price: HKD 165, Closing HKD 345) to $13.5 Billion Market Value & Raised $619 Million in IPO, Investors Include MiHoYo, Alibaba, Tencent, Hillhouse Investment, HongShan & IDG Capital
9th January | Hong Kong
China AI startup MiniMax Hong Kong IPO share price increased +109% on day 1 trading (9/1/26: IPO Price: HKD 165, Closing HKD 345) to $13.5 billion market value, raising $619 million in the IPO. MiniMax was founded in 2022 by Yan Junjie, Yang Bin & Zhou Yucong. MiniMax investors include MiHoYo, Alibaba, Tencent, Hillhouse Investment, HongShan & IDG Capital. In 2026 January, MiniMax Hong Kong IPO is raising $538 million at $6.5 billion valuation, with expected IPO listing on 9th January 2026. In 2025 December, China AI startup MiniMax was planning for Hong Kong IPO in 2026 January, previously reported to be raising $700 million at $4 billion valuation. In 2025 December, MiniMax Hong Kong IPO in 2026 Q1 was reported to be raising $700 million at $4 billion valuation. In 2025 December, MiniMax Hong Kong IPO was reported to be in 2026 Q1 to raise $637 million at $4 billion valuation. In 2025 July, MiniMax filed for Hong Kong IPO to raise $637 million at reported $4 billion valuation. In 2025 June, China AI startup MiniMax was reported to be planning for a Hong Kong IPO at $3 billion valuation. Profile – MiniMax is a leading global Artificial General Intelligence technology company. Founded in early 2022, we are committed to advancing the frontiers of AI towards AGI via our mission Intelligence with Everyone. Our proprietary multimodal models, led by MiniMax M1, Hailuo-02, Speech-02 and Music-01, have ultra-long context processing capacity and can understand, generate, and integrate a wide range of modalities, including text, audio, images, video, and music. These models power our major AI-native products — including MiniMax, Hailuo AI, MiniMax Audio, Talkie, and our enterprise and developer-facing Open API Platform — which collectively deliver intelligent, dynamic experiences to enhance productivity and quality of life for users worldwide. To date, our proprietary models and AI-native products have collectively served tens of millions of users globally across text, audio, video, and music applications, and over 50,000 registered enterprise customers and developers across more than 200 countries and regions.
“ China AI Startup MiniMax Hong Kong IPO Share Price Increased +109% on Day 1 Trading (9/1/26: IPO Price: HKD 165, Closing HKD 345) to $13.5 Billion Market Value & Raised $619 Million in IPO, Investors Include MiHoYo, Alibaba, Tencent, Hillhouse Investment, HongShan & IDG Capital “
![](https://www.caproasia.com/wp-content/uploads/2025/08/Air-Charter-Service-728x90-1.png")
China AI Startup MiniMax Hong Kong IPO to Raise $538 Million at $6.5 Billion Valuation with Expected IPO Listing on 9th January 2026, Founded in 2022 by Yan Junjie, Yang Bin & Zhou Yucong, Investors Include MiHoYo, Alibaba, Tencent, Hillhouse Investment, HongShan & IDG Capital
1st January – China AI startup MiniMax Hong Kong IPO is raising $538 million at $6.5 billion valuation, with expected IPO listing on 9th January 2026. In 2025 December, China AI startup MiniMax was planning for Hong Kong IPO in 2026 January, previously reported to be raising $700 million at $4 billion valuation. In 2025 December, MiniMax Hong Kong IPO in 2026 Q1 was reported to be raising $700 million at $4 billion valuation. In 2025 December, MiniMax Hong Kong IPO was reported to be in 2026 Q1 to raise $637 million at $4 billion valuation. In 2025 July, MiniMax filed for Hong Kong IPO to raise $637 million at reported $4 billion valuation. In 2025 June, China AI startup MiniMax was reported to be planning for a Hong Kong IPO at $3 billion valuation. MiniMax was founded in 2022 by Yan Junjie, Yang Bin & Zhou Yucong. MiniMax investors include MiHoYo, Alibaba, Tencent, Hillhouse Investment, HongShan & IDG Capital. Profile – MiniMax is a leading global Artificial General Intelligence technology company. Founded in early 2022, we are committed to advancing the frontiers of AI towards AGI via our mission Intelligence with Everyone. Our proprietary multimodal models, led by MiniMax M1, Hailuo-02, Speech-02 and Music-01, have ultra-long context processing capacity and can understand, generate, and integrate a wide range of modalities, including text, audio, images, video, and music. These models power our major AI-native products — including MiniMax, Hailuo AI, MiniMax Audio, Talkie, and our enterprise and developer-facing Open API Platform — which collectively deliver intelligent, dynamic experiences to enhance productivity and quality of life for users worldwide. To date, our proprietary models and AI-native products have collectively served tens of millions of users globally across text, audio, video, and music applications, and over 50,000 registered enterprise customers and developers across more than 200 countries and regions.
China AI Startup MiniMax Plans Hong Kong IPO in 2026 January to Raise $700 Million at $4 Billion Valuation, Founded in 2022 by Yan Junjie, Yang Bin & Zhou Yucong, Investors Include MiHoYo, Alibaba, Tencent, Hillhouse Investment, HongShan & IDG Capital
31st December – China AI startup MiniMax is planning for Hong Kong IPO in 2026 January, previously reported to be raising $700 million at $4 billion valuation. In 2025 December, MiniMax Hong Kong IPO in 2026 Q1 is reported to be raising $700 million at $4 billion valuation. In 2025 December, MiniMax Hong Kong IPO was reported to be in 2026 Q1 to raise $637 million at $4 billion valuation. In 2025 July, MiniMax filed for Hong Kong IPO to raise $637 million at reported $4 billion valuation. In 2025 June, China AI startup MiniMax was reported to be planning for a Hong Kong IPO at $3 billion valuation. MiniMax was founded in 2022 by Yan Junjie, Yang Bin & Zhou Yucong. MiniMax investors include MiHoYo, Alibaba, Tencent, Hillhouse Investment, HongShan & IDG Capital. Profile – MiniMax is a leading global Artificial General Intelligence technology company. Founded in early 2022, we are committed to advancing the frontiers of AI towards AGI via our mission Intelligence with Everyone. Our proprietary multimodal models, led by MiniMax M1, Hailuo-02, Speech-02 and Music-01, have ultra-long context processing capacity and can understand, generate, and integrate a wide range of modalities, including text, audio, images, video, and music. These models power our major AI-native products — including MiniMax, Hailuo AI, MiniMax Audio, Talkie, and our enterprise and developer-facing Open API Platform — which collectively deliver intelligent, dynamic experiences to enhance productivity and quality of life for users worldwide. To date, our proprietary models and AI-native products have collectively served tens of millions of users globally across text, audio, video, and music applications, and over 50,000 registered enterprise customers and developers across more than 200 countries and regions.
China AI Startup MiniMax Plans Hong Kong IPO in 2026 Q1 to Raise $700 Million at $4 Billion Valuation, Founded in 2022 by Yan Junjie, Yang Bin & Zhou Yucong, Investors Include MiHoYo, Alibaba, Tencent, Hillhouse Investment, HongShan & IDG Capital
23rd December – China AI startup MiniMax Hong Kong IPO in 2026 Q1 is reported to be raising $700 million at $4 billion valuation. In 2025 December, MiniMax Hong Kong IPO was reported to be in 2026 Q1 to raise $637 million at $4 billion valuation. In 2025 July, MiniMax filed for Hong Kong IPO to raise $637 million at reported $4 billion valuation. In 2025 June, China AI startup MiniMax was reported to be planning for a Hong Kong IPO at $3 billion valuation. MiniMax was founded in 2022 by Yan Junjie, Yang Bin & Zhou Yucong. MiniMax investors include MiHoYo, Alibaba, Tencent, Hillhouse Investment, HongShan & IDG Capital. Profile – MiniMax is a leading global Artificial General Intelligence technology company. Founded in early 2022, we are committed to advancing the frontiers of AI towards AGI via our mission Intelligence with Everyone. Our proprietary multimodal models, led by MiniMax M1, Hailuo-02, Speech-02 and Music-01, have ultra-long context processing capacity and can understand, generate, and integrate a wide range of modalities, including text, audio, images, video, and music. These models power our major AI-native products — including MiniMax, Hailuo AI, MiniMax Audio, Talkie, and our enterprise and developer-facing Open API Platform — which collectively deliver intelligent, dynamic experiences to enhance productivity and quality of life for users worldwide. To date, our proprietary models and AI-native products have collectively served tens of millions of users globally across text, audio, video, and music applications, and over 50,000 registered enterprise customers and developers across more than 200 countries and regions.
China AI Startup MiniMax Plans Hong Kong IPO in 2026 Q1 to Raise $637 Million at $4 Billion Valuation, Founded in 2022 by Yan Junjie, Yang Bin & Zhou Yucong, Investors Include MiHoYo, Alibaba, Tencent, Hillhouse Investment, HongShan & IDG Capital
13th December – China AI startup MiniMax Hong Kong IPO is reported to be in 2026 Q1 to raise $637 million at $4 billion valuation. In 2025 July, MiniMax filed for Hong Kong IPO to raise $637 million at reported $4 billion valuation. In 2025 June, China AI startup MiniMax was reported to be planning for a Hong Kong IPO at $3 billion valuation. MiniMax was founded in 2022 by Yan Junjie, Yang Bin & Zhou Yucong. MiniMax investors include MiHoYo, Alibaba, Tencent, Hillhouse Investment, HongShan & IDG Capital. Profile – MiniMax is a leading global Artificial General Intelligence technology company. Founded in early 2022, we are committed to advancing the frontiers of AI towards AGI via our mission Intelligence with Everyone. Our proprietary multimodal models, led by MiniMax M1, Hailuo-02, Speech-02 and Music-01, have ultra-long context processing capacity and can understand, generate, and integrate a wide range of modalities, including text, audio, images, video, and music. These models power our major AI-native products — including MiniMax, Hailuo AI, MiniMax Audio, Talkie, and our enterprise and developer-facing Open API Platform — which collectively deliver intelligent, dynamic experiences to enhance productivity and quality of life for users worldwide. To date, our proprietary models and AI-native products have collectively served tens of millions of users globally across text, audio, video, and music applications, and over 50,000 registered enterprise customers and developers across more than 200 countries and regions.
China AI Startup MiniMax Files for Hong Kong IPO to Raise $637 Million at $4 Billion Valuation, Founded in 2022 by Yan Junjie, Yang Bin & Zhou Yucong, Investors Include MiHoYo, Alibaba, Tencent, Hillhouse Investment, HongShan & IDG Capital
18th July – China AI startup MiniMax has filed for Hong Kong IPO to raise $637 million at reported $4 billion valuation. In 2025 June, China AI startup MiniMax was reported to be planning for a Hong Kong IPO at $3 billion valuation. MiniMax was founded in 2022 by Yan Junjie, Yang Bin & Zhou Yucong. MiniMax investors include MiHoYo, Alibaba, Tencent, Hillhouse Investment, HongShan & IDG Capital. Profile – MiniMax is a leading global Artificial General Intelligence technology company. Founded in early 2022, we are committed to advancing the frontiers of AI towards AGI via our mission Intelligence with Everyone. Our proprietary multimodal models, led by MiniMax M1, Hailuo-02, Speech-02 and Music-01, have ultra-long context processing capacity and can understand, generate, and integrate a wide range of modalities, including text, audio, images, video, and music. These models power our major AI-native products — including MiniMax, Hailuo AI, MiniMax Audio, Talkie, and our enterprise and developer-facing Open API Platform — which collectively deliver intelligent, dynamic experiences to enhance productivity and quality of life for users worldwide. To date, our proprietary models and AI-native products have collectively served tens of millions of users globally across text, audio, video, and music applications, and over 50,000 registered enterprise customers and developers across more than 200 countries and regions.
China AI Startup MiniMax Plans Hong Kong IPO at $3 Billion Valuation, Founded in 2022 by Yan Junjie, Yang Bin & Zhou Yucong, Investors Include MiHoYo, Alibaba, Tencent, Hillhouse Investment, HongShan & IDG Capital
20th June – China AI startup MiniMax has been reported to be planning for a Hong Kong IPO at $3 billion valuation. MiniMax was founded in 2022 by Yan Junjie, Yang Bin & Zhou Yucong. MiniMax investors include MiHoYo, Alibaba, Tencent, Hillhouse Investment, HongShan & IDG Capital. Profile – MiniMax is a leading global Artificial General Intelligence technology company. Founded in early 2022, we are committed to advancing the frontiers of AI towards AGI via our mission Intelligence with Everyone. Our proprietary multimodal models, led by MiniMax M1, Hailuo-02, Speech-02 and Music-01, have ultra-long context processing capacity and can understand, generate, and integrate a wide range of modalities, including text, audio, images, video, and music. These models power our major AI-native products — including MiniMax, Hailuo AI, MiniMax Audio, Talkie, and our enterprise and developer-facing Open API Platform — which collectively deliver intelligent, dynamic experiences to enhance productivity and quality of life for users worldwide. To date, our proprietary models and AI-native products have collectively served tens of millions of users globally across text, audio, video, and music applications, and over 50,000 registered enterprise customers and developers across more than 200 countries and regions.
Caproasia Users
- Manage $20 million to $30 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2026 Investment Day
- March - Hong Kong
- March - Singapore
- April - Hong Kong
- April - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
