Chinese AI startup MiniMax has confidentially filed for a Hong Kong IPO, aiming to raise over $510 million and secure a valuation exceeding $4 billion. Backed by Alibaba and Tencent, MiniMax plans to list by the end of 2025, leveraging Hong Kong’s booming...

Beijing appears to be nearing the end of a two-year crackdown on the county’s big tech companies. Some of China's most well-known and influential internet companies have been forced to make significant changes.

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