Core Viewpoint - MiniMax, an AI unicorn, saw its stock price rise over 24% on February 16, reaching a new high of 886 HKD, marking a significant milestone in the Hong Kong stock market for 2026 [1] Company Performance - The stock closed at 847 HKD, with a market capitalization exceeding 265.6 billion HKD, leading the AI sector in Hong Kong [1] - MiniMax recently launched its flagship programming and agent model M2.5, demonstrating its application value in programming and agent tasks [1] - The newly released Coding Plan Highspeed subscription service offers faster inference speeds and higher efficiency, further enhancing the developer ecosystem [1] Market Context - The stock has been on a continuous upward trend, maintaining the capital enthusiasm since its IPO [1] - MiniMax made its debut on the Hong Kong Stock Exchange on January 9, achieving the fastest IPO record for a global AI company within approximately four years of establishment, sparking interest in the capitalization of domestic large model enterprises [1]