Insider sources reveal that two prominent Chinese AI startups, MiniMax and Zhipu—often seen as potential rivals to OpenAI—are gearing up to go public on the Hong Kong Stock Exchange in the upcoming weeks. With plans potentially materializing as early as January 2026, these companies are targeting to raise several hundred million U.S. dollars through their initial public offerings (IPOs). At present, the specifics of their listing are still in the negotiation phase and hinge on securing approval from the relevant securities regulatory body.
