HK Stock Market Move | MINIMAX(00100) rises more than 5% "Shrimp Farming Fever" Ignites Demand for Domestic Models, Company's Commercialization Enters Acceleration Channel

MINIMAX (00100) rose more than 5% during the session, and as of the time of writing, it had risen by 4.59% to 842.5 Hong Kong dollars, with a turnover of 1.048 billion Hong Kong dollars. On the news front, recently, the open-source AI intelligence agent OpenClaw continues to gain popularity, with "raising lobsters" becoming a hot topic in the tech community. It is worth noting that MiniMax, with its deep integration into the OpenClaw ecosystem, is rapidly transitioning from the technology validation phase to the scale monetization phase. Last month, MiniMax launched a cloud-based AI assistant called MaxClaw, built on OpenClaw. MiniMax stated that users will be able to run OpenClaw directly on their mobile phones, with all data synchronized in real-time with the web version, achieving true multi-platform collaboration. According to reports, the lobster benchmark test leaderboard shared by OpenClaw founder Peter Steinberger shows that MiniMax M2.1 is in second place, with a success rate of 93.6%. In its latest research report, Morgan Stanley stated that the commercial momentum of Chinese AI unicorn MiniMax exceeds expectations annual recurring revenue (ARR) has soared from $1 billion to $1.5 billion in just two months, a growth of over 50%. At the same time, the usage of M2 model tokens in February 2026 increased sixfold compared to December 2025, and the inference cost per token also dropped by over 50%. The firm maintains its overweight rating with a target price of 990 Hong Kong dollars, representing a potential upside of about 23% from the current stock price.