MiniMax明日港股上市：募资42亿港元，阿里、易方达为基石投资者

Core Viewpoint - MiniMax has successfully attracted 14 cornerstone investors, raising a total of $350 million (approximately HKD 2.723 billion) for its operations in the AI sector [1]. Group 1: Investment and Financing - The cornerstone investors include notable firms such as Aspex, Eastspring, Mirae Asset, Taikang Life, Huatai PineBridge, Alibaba, and E Fund Management [1]. - MiniMax has undergone multiple rounds of financing, with investors including MiHoYo, Alibaba, Tencent, Xiaohongshu, Hillhouse, IDG, Sequoia, Matrix, Mingshi, and Yunqi [5]. - Following the Pre-B++ round of financing in August 2025, MiniMax's investment bank valuation reached $4.24 billion [5]. Group 2: Company Overview - MiniMax is a global AI large model company founded by a group of forward-thinking engineers, focusing on advancing AI technology to perform various human intellectual tasks, including learning, reasoning, planning, and generalizing knowledge across multiple domains [1]. - As of September 30, 2025, MiniMax's AI-native products have served over 200 million individual users from more than 200 countries and regions, as well as over 100,000 enterprises and developers from more than 100 countries and regions [3]. Group 3: Financial Performance - For the fiscal year ending December 31, 2023, MiniMax reported revenues of $3.46 million, with a projected revenue of $30.52 million for 2024 [4]. - The company is expected to incur significant losses, with projected losses of $269.25 million for 2023 and $465.24 million for 2024 [4]. - In the first nine months of 2025, MiniMax achieved revenues of $53.44 million (approximately RMB 376 million), representing a 175% increase compared to $19.45 million in the same period the previous year [5].