Chinese AI Unicorns MiniMax and Zhepu Said to Target Hong Kong IPOs Soon

Chinese AI startups MiniMax and Zhepu are reportedly planning initial public offerings (IPOs) in Hong Kong in the near future. This move indicates a potential shift for Chinese tech companies towards listing closer to home, especially amid ongoing US-China tensions and tighter scrutiny on Chinese companies listing in the US. Their IPOs could provide a significant boost to Hong Kong's struggling IPO market.