HK Stock Market Move | MINIMAX-W(00100) opened more than 5% higher. The company has officially been included in the Hong Kong Stock Connect, and the pathway for converting model capabilities into commercial revenue is accelerating in validation.

MINIMAX-W (00100) opened over 5% higher and as of press time, rose 5.52% to HKD 267.8, with a transaction volume of HKD 81.8129 million. On the news front, on August 6, MiniMax-W was officially included in the Hong Kong Stock Connect. A recent in-depth report from indicates that MiniMax's ARR is projected to grow rapidly from approximately USD 100 million in December 2025 to around USD 430 million by April 2026; the token consumption increased by 152% from February to June 2026, and the path for model capability to convert into commercial revenue is being accelerated. The management is confident in achieving at least USD 1 billion in ARR by the end of 2026. In the report titled "MiniMax-W (00100) Included in Hong Kong Stock Connect on August 6: Southbound Capital Channels Fully Opened, Institutions Bullish on Valuation Recovery," it is pointed out that inclusion in the Connect is not the end, but rather the starting point for MiniMax-W to prove its status as an "AI platform company" to the market. As southbound capital officially takes its seat at the table, along with the ARR marching toward the USD 1 billion milestone, the rollout of M3 Pro and the H3 model, and target price ranges of HKD 500 to HKD 1,317 from mainstream brokerages, MiniMax-W is responding to all market doubts about its competitiveness with a threefold narrative of "full-modal platform + global revenue + token economy."