New Stock News | Global user base of 212 million! It is rumored that the world's first AGI stock, MiniMax, has passed the listing hearing.

According to exclusive news from Tencent News, MiniMax (Rare Earth Technology) has obtained approval from the China Securities Regulatory Commission and has passed the hearing at the Hong Kong Stock Exchange. This large-scale model unicorn is expected to be listed on the Hong Kong stock market as the "first stock of global AGI," becoming a rare target for the general public to participate in the current AI wave. Since its establishment, MiniMax has independently developed full-mode models and is one of the "only four companies in the world to enter the top tier of full-mode models." Its text model MiniMax M2 ranks in the top five globally and first in open source on the authoritative global evaluation list Artificial Analysis. The video model Hailuo 02 series ranks in the top three on multiple lists globally, and the speech model Speech02 series has surpassed OpenAI to become the global number one on international authoritative lists. On the commercial side, MiniMax has introduced a series of AI applications, including MiniMax Agent, Hailuo AI, MiniMax Audio, Xingye Talkie, and an open platform, with over 212 million users in over 200 countries and regions globally, as well as covering enterprises and developers in over 100 countries and regions. It is one of the leading companies in the world in terms of commercialization of large models. Its business model focuses on subscription fees and model calling income, and it is highly regarded as a "sustainable sample of AI commercialization." The company's shareholders include Alibaba, Tencent, MiHoYo, Hillhouse Capital, IDG, Sequoia China, and Weixiang, among other top institutions. Industry analysts point out that the global large model industry and the rapid development of "artificial intelligence plus" in China are significant, and MiniMax, as a leader in domestic large models, has demonstrated its full-mode technology strength and commercialization capabilities globally. It is a rare target in this explosive growth track. Its listing will fill the gap in the capital market and become the first AGI stock in the capital scramble for Hong Kong IPO in 2026.