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MiniMax Hong Kong Stock IPO receives investment from Alibaba and Abu Dhabi
BlockBeats News, December 30 — According to Bloomberg, Chinese artificial intelligence startup MiniMax has secured Alibaba Group Holding Limited and Abu Dhabi Investment Authority as key supporters for its Hong Kong IPO. Sources familiar with the matter revealed that MiniMax plans to raise over $600 million through this IPO, with subscriptions from investors expected to begin as early as Wednesday, and the listing scheduled for January.