Chinese AI unicorns MiniMax and Zhipu said to be eyeing imminent Hong Kong IPOs

Core Viewpoint - Shanghai-based MiniMax, supported by major investors including Alibaba Group Holding and Tencent Holdings, is planning an IPO that could occur as early as January, with expectations to raise hundreds of millions of dollars [2] Company Summary - MiniMax is based in Shanghai and is backed by prominent companies such as Alibaba Group Holding and Tencent Holdings [2] - The company is preparing for an initial public offering (IPO) [2] Financial Summary - The upcoming IPO is anticipated to raise hundreds of millions of dollars [2] - Specific financial figures regarding the exact amount to be raised have not been disclosed [2]