他投了MiniMax天使轮
投资界·2026-01-09 03:25

Core Viewpoint - MiniMax, a large model company, successfully went public on the Hong Kong Stock Exchange, with an IPO price of HKD 165 per share, and saw its market value exceed HKD 900 billion shortly after listing, reflecting a significant demand with over 1,800 times oversubscription in the public offering [2] Investment Background - The founder of MiniMax, Yan Junjie, began his journey in AGI entrepreneurship in 2022, gaining prominence as a representative of domestic large model companies following the rise of ChatGPT [2] - MiniMax secured angel round investments from notable firms including Mihayou, Hillhouse Capital, IDG Capital, and Yunqi Capital, with Yunqi Capital participating in six consecutive funding rounds, showcasing a strong commitment to the company [2][3] IPO Details - The IPO attracted 14 heavyweight cornerstone investors, including international long-term funds and leading tech companies, indicating a diverse investment base [6] - MiniMax is recognized as one of the "global top four multimodal companies," with over 2.12 million personal users across more than 200 countries and regions, and a revenue growth of over 170% year-on-year, with over 70% of revenue coming from overseas markets [6] Investment Strategy - Yunqi Capital's investment strategy is characterized by a long-term perspective, focusing on technology evolution and supporting early-stage AI entrepreneurs through initiatives like the Y Transformers program, which aims to provide resources and funding to young AI innovators [12][13] - The firm has a history of identifying and investing in successful tech ventures early, demonstrating a keen sensitivity to market trends and technological advancements [7][8]