智谱和MiniMax通过港交所上市聆讯

Group 1 - Beijing Zhiyu Huazhang Technology Co., Ltd. (Zhiyu) has passed the listing hearing at the Hong Kong Stock Exchange, marking the first listing of a company focused on AGI foundational models in Hong Kong [1] - Zhiyu is one of the fastest cases to pass the hearing since the implementation of the "filing system" for mainland companies going public in Hong Kong [1] - Another leading model company, MiniMax, also passed the Hong Kong Stock Exchange listing hearing this week, with plans for an IPO by January 2026, aiming to raise hundreds of millions of dollars [1] Group 2 - In July, Zhiyu received a strategic investment totaling 1 billion yuan from Shanghai state-owned enterprises, completing the first tranche of the investment [3] - Earlier in March, Zhiyu completed a strategic financing round exceeding 1 billion yuan, with investors including Hangzhou Chengtou Industrial Fund and Shangcheng Capital [3] - Zhiyu's latest valuation is reported to be 44 billion yuan [3] Group 3 - In terms of B-end commercialization, Zhiyu's business revenue is expected to grow over 100% in 2024, particularly with the rapid growth of its MaaS open platform bigmodel.cn [4] - The API revenue of the MaaS platform has increased by over 30 times year-on-year, with daily token consumption rising by 150 times [4]