Feng Huang Wang Cai Jing·2025-12-30 14:40Group 1 - U.S. stock indices opened slightly lower, with the Dow Jones down 0.04%, S&P 500 down 0.03%, and Nasdaq down 0.05% [1] - Mining stocks in the U.S. saw a general increase, with companies like Kinross Gold, Harmony Gold, and Pan American Silver rising over 3% [1] - Baidu opened up over 4%, with its Hong Kong stock rising nearly 9% on the same day [1] Group 2 - Alibaba Group and Abu Dhabi Investment Authority are reportedly key backers for MiniMax's upcoming $600 million IPO in Hong Kong [2] - MiniMax plans to raise over $600 million through this IPO, with investor subscriptions expected to start on Wednesday and the listing set for January [2] - Other cornerstone investors include IDG Capital, Hillhouse Capital, and Future Asset from South Korea, with ongoing discussions that may affect the offering size and timing [2] Group 3 - Tesla publicly revealed the design sketches for the new Model Y Performance version, which is set to launch in the U.S. at a starting price of $57,500 [3] - The new Model Y Performance version has not yet been launched in the Chinese market [3] Group 4 - Citigroup announced the internal approval for the sale of its remaining business entity in Russia, AO Citibank, with the transaction expected to be signed and completed in the first half of 2026 [4] - This approval is projected to result in a pre-tax loss of approximately $1.2 billion for Citigroup in Q4 2025, translating to an after-tax loss of about $1.1 billion [4]