HK Stock Market Move | MINIMAX-WP(00100) has increased by over 5%. The MiniMax M2.5 model will be released soon.

MINIMAX-WP (00100) rose over 5%, as of the time of release, it rose by 5.26%, reaching 540 Hong Kong dollars, with a turnover of 254 million Hong Kong dollars. On the news front, there have been successive heavyweight news about domestic AI large models. According to the Science and Technology Board Daily, the MiniMax M2.5 model is about to officially launch. Currently, the MiniMax M2.5 model has been undergoing internal testing in MiniMax Agent products overseas. China Securities Co., Ltd. previously pointed out that in the current wave of generative AI sweeping the world, MINIMAX, with its "counter-consensus" strategic determination, is focusing on model intelligence breakthroughs and is standing out from industry competition. In addition, Morgan Stanley analyst Xu Wentao recently released a research report covering KNOWLEDGE ATLAS and MiniMax for the first time, both of which received a "Buy" rating with price targets of 400 Hong Kong dollars and 700 Hong Kong dollars respectively, and are seen as the preferred targets to capture the next wave of global AI value creation.