Tag:

Minimax

US accuses China of industrial-scale AI theft ahead of Trump-Xi summit

“The US has evidence that foreign entities, primarily in China, are running industrial-scale distillation campaigns to steal American AI,” White House science and technology chief Michael Kratsios said in a post on X.“We will be taking action to protect American innovation.”

24 Apr 2026-11:28
Chinese AI stocks shine as MiniMax leaps 109% on debut

Shares of Chinese artificial intelligence startup MiniMax surged 109 percent on Friday as the company made its stock market debut in Hong Kong, raising US$619 million and highlighting strong investor appetite for the country’s fast-growing AI sector.

09 Jan 2026-14:56
Chinese AI firm MiniMax prices Hong Kong IPO at top range

Chinese AI startup MiniMax is set to price its Hong Kong IPO at the top of its range, raising $538 million and valuing the company at about $6.5 billion, according to sources. The offering is scheduled to start trading on January 9.

05 Jan 2026-12:56