MiniMax-W added to Hong Kong Stock Connect, intraday gain over 20%
On August 6, MiniMax-W was officially added to the Hong Kong Stock Connect, gaining mainland investor access roughly seven months after listing. Shares rose more than 20% intraday.
On August 6, MiniMax-W was officially added to the Hong Kong Stock Connect. Roughly seven months after listing, the Chinese large-model company gained mainland investor access via Stock Connect. Shares rose more than 20% intraday.
The listing reflects a valuation narrative shift from single-model revenue to open-source ecosystem value. Within 24 hours of MiniMax opening the weights of its omni-modal H3 model, more than 100 domestic and international partners completed adaptations spanning chip vendors, cloud inference platforms, and application companies, replicating DeepSeek's open-source trajectory in language models.