{"id":17803,"date":"2025-12-11T22:46:57","date_gmt":"2025-12-11T22:46:57","guid":{"rendered":"https:\/\/bitunikey.com\/news\/chinese-ai-firms-minimax-zhipu-target-hong-kong-ipos-in-early-2026\/"},"modified":"2025-12-11T22:47:09","modified_gmt":"2025-12-11T22:47:09","slug":"chinese-ai-firms-minimax-zhipu-target-hong-kong-ipos-in-early-2026","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/chinese-ai-firms-minimax-zhipu-target-hong-kong-ipos-in-early-2026\/","title":{"rendered":"Chinese AI firms MiniMax, Zhipu target Hong Kong IPOs in early 2026"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Two Chinese artificial intelligence startups, MiniMax and Zhipu, are preparing for initial public offerings (IPOs) on the Hong Kong Stock Exchange in early 2026.<\/p>\n<div id=\"cn-block-summary-block_0b389d78467556bab48905f9612292d7\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>MiniMax and Zhipu received approval from the China Securities Regulatory Commission (CSRC) to proceed with IPOs.<\/li>\n<li>Both companies announced plans to complete their Hong Kong IPOs by 2026.<\/li>\n<li>Meanwhile, in the U.S., investors fled AI-related tech names on Thursday after Oracle posted an earnings miss.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The firms have received approval from the China Securities Regulatory Commission (CSRC) to proceed with the listings, the companies stated.<\/p>\n<p>MiniMax and Zhipu have secured backing from major Chinese technology companies Alibaba and Tencent, respectively.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-11\/chinese-ai-unicorns-minimax-and-zhepu-said-to-target-hong-kong-ipos-soon\" target=\"_blank\" rel=\"nofollow\">Bloomberg<\/a> first broke the news.<\/p>\n<p>Both companies announced plans to complete their Hong Kong IPOs by 2026, according to the statements.<\/p>\n<p>The planned listings would mark significant capital market entries for China\u2019s artificial intelligence sector as the industry continues to attract investor attention amid global competition in AI development.<\/p>\n<p>Meanwhile, in the U.S., investors fled AI-related tech names on Thursday after Oracle posted an earnings miss, raising alarms about how quickly companies can monetize their AI investments.<\/p>\n<p>The company closed the day at -10%, trading at around $198.85. <\/p>\n<p>Oracle carries more than $100 billion in debt tied to data center expansion. This factor weighed heavily on sentiment and hurt other AI-linked stocks, including Nvidia (closed -1.55%), Broadcom (-1.6%) and CoreWeave (-0.88%).<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Two Chinese artificial intelligence startups, MiniMax and Zhipu, are preparing for initial public offerings (IPOs) on the Hong Kong Stock Exchange in early 2026. Summary MiniMax and Zhipu received approval&hellip;<\/p>\n","protected":false},"author":1,"featured_media":17804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=17803"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17803\/revisions"}],"predecessor-version":[{"id":17805,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17803\/revisions\/17805"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/17804"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=17803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=17803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=17803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}