HK Stock Market Move | MiniMax-W dropped more than 18% in the afternoon on July 9, the first batch of lifting restrictions will be welcomed, and Ali Miha Games expressed confidence in the long-term.
MiniMax-W(00100) fell more than 18% in the afternoon, as of the time of publication, it has fallen by 18.41%, to HK$503, with a turnover of HK$1.568 billion.
MiniMax-W (00100) fell more than 18% in the afternoon, dropping 18.41% to HK$503 as of the press time, with a trading volume of HK$1.568 billion.
In terms of news, MiniMax will see its first batch of post-listing lock-up release on July 9th. MiniMax's two largest investors and strategic shareholders, Alibaba and MiHoYo, have clearly expressed optimism about MiniMax's development prospects and will continue to support the company's growth. In addition, MiniMax's founding team has set a voluntary lock-up period of 12 months, with the first unlock not involving the founding team and employees' shares, maximizing the lock-in of "cornerstone investors".
Shenwan Hongyuan Group believes that model assets have unique scarcity in the AI industry, and expects MiniMax to release flagship models with larger parameter scales in the future, attracting B-side users from different industries (such as law, finance, etc., with demand for ultra-long context and multi-modalities) and diversified scenarios. The company has entered the Hang Seng Tech Index on June 5th, and is expected to be unlocked in July (may experience short-term fluctuations) and included in the Hong Kong Stock Connect in August.
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