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  1. Sources: China's Moonshot AI, developer of the Kimi fashions ...

    1 day ago · Wall Avenue Journal: Sources: China’s Moonshot AI, developer of the Kimi fashions, is elevating a number of hundred million {dollars} at a ~$4B valuation and is aiming for an IPO in H2 …

  2. Chinese AI firm MiniMax targets $4 billion-plus valuation in ...

    Jul 16, 2025 · MiniMax could raise HK$4 billion to HK$5 billion ($510 million to $637 million) in the IPO, one of the sources said.

  3. Hong Kong IPO boom offers lifeline to China private equity exits

    4 days ago · A nascent revival in Hong Kong initial public offering market offered a long-awaited release valve for private equity firms sitting on aging China portfolios.

  4. Alibaba-Backed Chinese AI Startup Files for Hong Kong IPO

    Jul 16, 2025 · MiniMax has confidentially filed for an initial public offering in Hong Kong, according to people familiar with the matter, signaling the onset of a race among China’s generative AI startups to ...

  5. Sources: China's Moonshot AI, developer of the Kimi models ...

    1 day ago · Sources: China's Moonshot AI, developer of the Kimi models, is raising several hundred million dollars at a ~$4B valuation and is aiming for an IPO in H2 2026 — It has also told some …

  6. MiniMax's Hong Kong IPO: A Pivotal Play in China's AI Ascendancy

    Jul 16, 2025 · - MiniMax, a Shanghai-based AI startup backed by Alibaba and Tencent, is pursuing a Hong Kong IPO to capitalize on regulatory support and investor enthusiasm for China's AI boom. - Its …

  7. 2024 Review and 2025 Outlook for Chinese Mainland & HK IPO ...

    Dec 19, 2024 · Deloitte China's Capital Market Services Group (CMSG) just released its 2024 review and 2025 outlook for the Chinese mainland and Hong Kong initial public offering (IPO) markets.