从 “工具” 到 “股东”：港股AI上市潮背后，游戏大厂的算力突围战

Group 1 - The Hong Kong stock market is experiencing a surge in AI-related listings, with several companies, including domestic GPU leaders, making their debut in early January 2026 [1][4] - MiniMax, a notable AI company, achieved a record for the fastest IPO from establishment to listing, completing this process in just four years [1][3] - On its first trading day, MiniMax's stock price increased by 109%, reaching a market capitalization of over 100 billion HKD [1][3] Group 2 - MiniMax has completed seven rounds of financing before its IPO, with significant investments from major players like Alibaba, Tencent, and Sequoia Capital, leading to a valuation exceeding 4.2 billion USD [3] - MiHoYo, a gaming giant, is a key investor in MiniMax, holding approximately 6.4% of its shares and utilizing MiniMax's AI models in game development [3][4] - Wall Street's interest in AI companies is reflected in the strategic investments made by gaming firms, which are transitioning from being mere consumers of computing power to active participants in the AI technology space [10][11] Group 3 - Wall Street's investment in AI companies is yielding substantial returns, as evidenced by Century Huatong's indirect investment in Moole Thread, which is expected to significantly impact its net profit [13] - The gaming industry is undergoing a transformation due to generative AI technology, which is reshaping product development and user experience [10][11] - Companies like 游族网络 (Youzu Interactive) are strategically investing in AI chip firms like 壁仞科技 (Birran Technology) and曦望 (Sunrise) to enhance their competitive edge in the AI computing landscape [6][8]