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MiniMax jumps 25% on Chinese AI optimism

Bloomberg Markets •
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Shares of MiniMax Group surged 25% on the Hong Kong exchange on Tuesday, outpacing the broader market as investors rallied behind the promise of China’s generative AI startups. The sharp jump reflected fresh optimism that the firm’s technology portfolio is well‑positioned to capture rapid growth in the sector.

The rally follows a string of high‑profile funding rounds for Chinese AI firms, which have drawn sizable venture capital and heightened media attention. Analysts note that the sector’s momentum stems from breakthroughs in large‑language models and image generation, prompting investors to seek equities that can translate research advances into commercial revenue.

MiniMax’s stock lift added roughly