Chinese artificial intelligence startup MiniMax is actively pushing for an IPO in the Hong Kong stock market. The initial public offering (IPO), which involves major investors such as Alibaba and the Abu Dhabi Investment Authority, aims to raise approximately $600 million (about 8.64 trillion KRW). Industry sources reveal that the demand forecast for investors is expected to be launched as early as this week. This listing is achieved amid a fierce competition among Chinese generative AI companies, including MiniMax, rushing into the stock market, and is seen as the beginning of an intense equity battle aimed at capturing market dominance. MiniMax's investor list also includes DG Capital, Perseverance Asset Management, and Korea's Mirae Asset Group, attracting significant global capital attention. MiniMax is a company rapidly growing based on a multimodal generative AI model that covers text, image, video, and speech generation. Recently

Luluchain completed a $5 million institutional round of financing with a valuation of $50 million, led by DG Capital, with participation from Smo Capital, LD Block, Unionblock vc, and Blockin.venture. Luluchain is a unique blockchain platform integrating AI+Web2+Web3, developed based on Comsos Sdk. It is committed to transforming social scene data into quantifiable virtual assets.