China's $3B AI Tiger MiniMax Eyes IPO--Could This Be the Next OpenAI? [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
Valued at around $3 billion, MiniMax has brought in advisers and is exploring a listing as soon as this year, according to people familiar with the matter. The move, still under discussion, would mark a rare public debut for one of China's so-called AI Tigersstartups that are drawing comparisons to OpenAI and making their presence felt in an increasingly crowded race for dominance in generative AI. Warning! GuruFocus has detected 3 Warning Signs with BABA. Founded in 2021, MiniMax raised $600 million last year in a round led by Alibaba ( NYSE:BABA ), bringing its valuation from $2.5 billion to roughly $3 billion. Tencent also backed earlier funding rounds. Since then, the company has launched a new reasoning model, M1, which it says is more powerful and less resource-hungry than DeepSeek's latest version. It's also been pushing forward with Hailuo AIits upgraded text-to-video platformand Talkie, a social AI companion app positioned against U.S.-based Character.AI. In short: MiniMa
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BABA
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- 11/25/25 - Beat
BABA
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- 12/4/25 - Form 6-K
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- BABA's page on the SEC website