Baillie Gifford has a strong position in China's AI industry, and MiniMax has become a new favorite.

Baillie Gifford, the global long position fund manager, Lawrence Burns, revealed that they have added two new Chinese positions in the past few months - Xiaohongshu and MiniMax, with China exposure currently at around 12%. The fund is expected to have a stock price return of 24.7% and a net asset value return of 22.3% by 2025. In the global AI competition landscape, MiniMax, with its high cost-performance advantage, is expected to become a new focus of value investment.