MINIMAX-WP (00100) shares rose more than 6% during trading, following a surge of over 18% yesterday. As of the latest update, the stock is up 4.95%, trading at HK$858.5, with a turnover of HK$1.736 billion.

On the news front, on May 12, the U.S. Newsweek published an interview with China's Ambassador to the United States, Xie Feng. Xie stated that "China has become the world's largest holder of artificial intelligence patents and a key engine for global intelligent transformation," specifically mentioning the Seedance 2.0 video generation model's "global buzz," DeepSeek-V4's "all-around evolution," and MiniMax's full-modal large model's "comprehensive coverage."

Morgan Stanley's Asia-Pacific research team previously released an industry report, significantly raising the price targets for two leading Chinese AI companies, expressing confidence that the "value-for-money narrative" of China's AI path will continue to materialize in terms of ARR and valuation. Among them, MiniMax's price target was raised from HK$990 to HK$1,100, with the industry rating maintained at "In-Line." The report highlighted MiniMax and other companies with full-stack AI model capabilities as key recommendations.