Chinese AI Startup MiniMax to Launch Hong Kong IPO in Early January

As reported by Reuters on December 22, 2025, the Chinese company MiniMax, specializing in advanced multimodal AI models, is finalizing preparations for its Initial Public Offering (IPO) on the Hong Kong Stock Exchange. According to sources, the listing is expected in early January 2026. MiniMax, backed by major venture capital funds, is considered one of the most promising players in the "new wave" of Chinese AI companies capable of competing globally.

This listing will serve as a crucial indicator of recovering investor interest in the Chinese tech sector following a period of regulatory quiet. MiniMax is known for its success in creating digital avatars and generative text-to-voice models widely used in the Asian entertainment and business sectors. The company plans to use the proceeds to scale its computing power and expand into international markets. The success of this IPO could pave the way for other Chinese AI unicorns waiting to go public.

Source: Reuters