When Chinese Artificial Intelligence developers Zhipu AI and MiniMax made their debuts on the Hong Kong stock exchange in January, investors initially saw one as a better bet than the other.Beijing-based Zhipu closed its first trading day on January 8 with a market capitalisation of HK$57.9 billion (US$7.4 billion). A day later, Shanghai-based MiniMax listed at HK$106.7 billion, almost twice as large.Five months on, however, Zhipu – traded as Knowledge Atlas Technology – has surged ahead. At the market close on Monday, its market cap stood at HK$585.8 billion, nearly 2.7 times higher than MiniMax’s HK$159.3 billion.
SRCSouth China Morning Post
LANGEN
LEANCenter-Right
WORDS97
ENT6
TUE · 2026-06-09 · 00:30 GMTBRIEF NSR-2026-0609-82858
NSR-2026-0609-82858News Report·EN·Technology
MiniMax once led Zhipu in Hong Kong’s AI stock race. How the tables have turned
Initially, investors favored MiniMax over Zhipu AI when both Chinese artificial intelligence developers debuted on the Hong Kong stock exchange in January. MiniMax listed with a market capitalization of HK$106.7 billion, nearly double Zhipu's HK$57.9 billion on its first trading day.
Xinmei ShenSouth China Morning PostFiled 2026-06-09 · 00:30 GMTLean · Center-RightRead · 1 min
South China Morning PostFIG 01
Reading time
1min
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97words
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0cited
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6entities
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Briefing Summary
AI-generatedNEWSAR · AI
Initially, investors favored MiniMax over Zhipu AI when both Chinese artificial intelligence developers debuted on the Hong Kong stock exchange in January. MiniMax listed with a market capitalization of HK$106.7 billion, nearly double Zhipu's HK$57.9 billion on its first trading day. However, five months later, the situation has reversed significantly. Zhipu AI, trading as Knowledge Atlas Technology, has seen its market capitalization surge to HK$585.8 billion. This figure is now nearly 2.7 times larger than MiniMax's market cap of HK$159.3 billion as of Monday's market close.
Confidence 0.85Claims 5Entities 6
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Article analysis
Model · rule-basedFraming
Technology
Economic Impact
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Key claims
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MiniMax's market cap stood at HK$159.3 billion on Monday.
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Zhipu AI's market cap stood at HK$585.8 billion on Monday.
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MiniMax listed at HK$106.7 billion on its first trading day.
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Zhipu AI's market capitalization was HK$57.9 billion on its first trading day.
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Zhipu AI and MiniMax debuted on the Hong Kong stock exchange in January.
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Full report
1 min read · 97 words§ 05
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6 identifiedKey playerOppositionContextPositiveNeutralNegative
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Keywords & salience
8 termsartificial intelligence
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zhipu ai
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minimax
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stock race
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hong kong stock exchange
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market capitalization
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ai stock
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investors
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Topic connections
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