Minimax Group Inc. has become the most popular Hong Kong-listed stock among mainland Chinese investors, according to Bloomberg. In August, mainland investors purchased HK$10.6 billion ($1.4 billion) worth of Minimax shares via the Stock Connect trading link, surpassing investments in Alibaba Group Holding Ltd. and Tencent Holdings Ltd. The southbound investors have accumulated a 9.7% stake in the AI startup since it became eligible for trading on August 6. This surge in investment highlights the growing appetite of mainland Chinese investors for the country's new-generation AI model developers.

Minimax's rise as a favorite stock reflects broader trends in the regional market, where AI-focused companies are attracting significant capital. The data underscores the increasing importance of AI technologies in shaping investment strategies and market dynamics in Asia.