On August 13, MINIMAX-W rose more than 6% in regular trading. On the news front, the stock's inclusion in the HKEX Tech 100 Index and HKEX Tech & US Tech 100 Index officially took effect today, following the HKEX announcement that MINIMAX-W met the fast-track inclusion criteria.

The index inclusion is expected to bring passive allocation fund inflows. Simultaneously, Daiwa initiated coverage on MiniMax on August 12 with a \"Buy\" rating and a target price of HK$530, noting the company focuses on competitive model capabilities and cost efficiency. Daiwa highlighted MiniMax as one of the few pure-play AI large model listed companies benefiting from China's AI commercialization trend, with its differentiated cost-performance positioning enabling effective capture of demand from cost-sensitive enterprises and developers.

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