As per Coinotag, Chinese AI startups MiniMax and Zhipu are preparing for initial public offerings on the Hong Kong Stock Exchange in early 2026. The companies, backed by Alibaba and Tencent, have received regulatory approval from the China Securities Regulatory Commission. MiniMax has a $2.5 billion valuation after raising $850 million, while Zhipu secured $140 million in state funding. Both firms are developing large language models that compete with U.S. leaders like OpenAI and Google, with benchmarks showing strong performance. Hong Kong’s Technology Enterprises Channel is streamlining IPO processes for tech firms, attracting over 200 applicants. The city’s IPO market is projected to raise $300 billion by 2026, positioning it as a key listing hub for Chinese tech companies.
Chinese AI Startups MiniMax and Zhipu Plan Hong Kong IPOs in Early 2026
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Summary
Chinese AI startups MiniMax and Zhipu are preparing for Hong Kong IPOs in early 2026, with regulatory approval from the China Securities Regulatory Commission. MiniMax, backed by Alibaba and Tencent, has a $2.5 billion valuation after securing $850 million in funding. Zhipu received $140 million in state funding. Both firms are building large language models competing with global leaders. Hong Kong’s Technology Enterprises Channel is fast-tracking tech IPOs, with over 200 applicants. The city’s IPO market is expected to raise $300 billion by 2026. What is clear is that Hong Kong is becoming a major listing hub for Chinese tech.
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