HK Stock Market Move | MINIMAX-W(00100) surged over 8%, indicating considerable commercial value in the video model market. The M3 Pro is expected to become a true catalyst.

MINIMAX-W (00100) has surged over 8%, and as of the time of this report, it is up 7.8%, priced at 353.6 HKD, with a trading volume of 2.503 billion HKD. According to news, Daiwa released a research report stating that MINIMAX focuses on competitive model capabilities and cost-effectiveness, making it one of the few publicly listed pure AI large model companies benefiting from the commercialization trend of AI in China. Morgan Stanley pointed out that the H3 video model released by MiniMax in July outperformed similar global products and received positive feedback, which is expected to accelerate MiniMax's multi-modal ARR growth. In addition, the M3 Pro is set to launch in September to October, anticipated to become the largest Chinese large model in terms of parameter scale, showcasing its pricing capabilities. It is worth mentioning that the HKEX recently announced that MINIMAX has met the rapid inclusion criteria for the HKEX Tech 100 Index and will be included in the HKEX Tech 100 Index and HKEX Tech and U.S. Tech 100 Index after the market closes on August 12, with official effect starting August 13. As a recently listed technology company in the Hong Kong market, MiniMaxs swift inclusion in the relevant indices reflects its market representation.