BUZZ-China's MiniMax surges to record after M2.5 AI model release

Reuters

02/16

** Shares of Chinese AI startup MiniMax Group 0100.HK jump 25.7% to HK$854.5, highest level since Jan 9 debut

** Stock set for its biggest one-day pct rise since Jan 27; third straight session of gain

** MiniMax released M2.5 open-source model on Friday, saying the performance matches leading models in productivity scenarios in programming, tool invocation and search, and office tasks

** Model's strength is its cost efficiency, SCMP reported, citing MiniMax

** Stock up 417.9% from offer price of HK$165 apiece; YTD, benchmark Hang Seng Index .HSI up 3.9%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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