MiniMax (00100.HK), a company listed on the Hong Kong Stock Exchange, has swiftly become one of the standout performers in the Hong Kong stock market in 2026. Debuting on the main board of the Hong Kong Stock Exchange on January 16, it priced its shares at HKD 165 each. Lately, its stock price has demonstrated remarkable resilience, opening strongly and surging by over 28% during intraday trading. It ultimately closed at HKD 1,220 per share, marking a 22.37% increase and a staggering 6.4-fold rise from its issue price. The previous day’s closing also saw a notable gain of 23.77%.
The key catalyst behind MiniMax’s soaring stock price is the widespread acclaim for the open-source AI agent, OpenClaw. As one of the officially supported large-scale model providers for OpenClaw, MiniMax has not only introduced a cloud-based AI assistant but also unveiled a range of innovative skills. The company’s first financial report following its listing revealed substantial year-on-year growth in both total revenue and gross profit for 2025, coupled with a significant reduction in the adjusted net loss rate.
Institutional investors are bullish on MiniMax’s long-term potential. Kaiyuan Securities anticipates that the expansion of OpenClaw’s user base will spur demand for MiniMax’s offerings. Furthermore, MiniMax is slated for inclusion in the Stock Connect program in August this year, a move that is expected to draw significant interest from mainland Chinese investors.