Wondershare(SZ:300624) 智通财经网·2026-01-07 06:49Group 1 - The core viewpoint of the news is the significant developments in the AI sector, particularly the IPOs of major AI companies like Zhiyuan AI and MiniMax, which are set to attract market attention and investment opportunities [1][2] - Zhiyuan AI, established in 2019, is recognized as the leading independent developer of general-purpose large models in China, with a projected valuation of HKD 51.1 billion upon its listing [1] - MiniMax, a global leader in general artificial intelligence technology, has seen its revenue grow by over 170% year-on-year in the first nine months of 2025, indicating strong market demand for its products [1][2] Group 2 - The AI industry is experiencing a differentiation in development paths, with Zhiyuan AI focusing on solidifying its model foundation and providing general intelligence capabilities through API calls, while MiniMax emphasizes the collaborative development of text, voice, and video capabilities [2] - Wanxing Technology, known as the "Chinese version of Adobe," has a broad product coverage in the digital creative software sector and ranks first among independent providers in the AIGC video creative software market in China [3] - The competition in the AI industry is shifting from "whose model is stronger" to the ability to transform model capabilities into replicable and sustainable product and service strengths [2][3]