Bloomberg:
Chinese AI startups MiniMax and Zhepu are planning Hong Kong IPOs in the coming weeks. MiniMax, backed by Alibaba and Tencent, could launch its IPO as early as January and raise hundreds of millions of dollars. Two Chinese artificial intelligence startups, MiniMax and Zhepu, are reportedly planning initial public offerings (IPOs) in Hong Kong within the coming weeks, according to a Bloomberg report. These companies are considered potential competitors to OpenAI. MiniMax, based in Shanghai and supported by Alibaba Group Holding Ltd. and Tencent Holdings Ltd., anticipates its IPO as.
Key takeaways
- Two Chinese artificial intelligence startups, MiniMax and Zhepu, are reportedly planning initial public offerings (IPOs) in Hong Kong within the coming weeks, according to a Bloomberg report
- These companies are considered potential competitors to OpenAI
- MiniMax, based in Shanghai and supported by Alibaba Group Holding Ltd
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