Chinese AI Startup MiniMax Draws Alibaba, ADIA Support for Hong Kong IPO

Chinese artificial intelligence startup MiniMax is preparing for a major public offering in Hong Kong that has drawn support from some of the world’s biggest investors. The company has secured backing from Alibaba Group and the Abu Dhabi Investment Authority (ADIA), and is planning to raise more than $600 million in what could be one of the most watched tech listings in Asia in early 2026. This potential IPO highlights the strength of China’s fast-growing AI sector and reflects increased investor interest in next-generation technology companies within the stock market and beyond.