On May 22, MINIMAX-WP rose 4.52% in regular trading, trading at HK$703.0/share, with trading volume of HK$190 million. The stock continued its rebound trajectory following the integration of its M2.7 model onto Alibaba Cloud's Bailian platform.

On May 20, Alibaba Cloud announced the full opening of its Bailian platform, integrating frontier models from over a dozen leading AI firms including MiniMax M2.7, Kimi K2.6, and GLM-5.1. The platform supports on-demand invocation and usage-based billing via standardized SDK interfaces, with customer numbers growing 8x year-over-year as of March. Morgan Stanley projects MiniMax's ARR to exceed $1 billion by year-end with a target price of HK$1,100, while JPMorgan forecasts revenue of approximately $9.1 billion by 2030.

Separately, MiniMax launched its 10xTeam cooperation plan, partnering with experts in industrial software, chip design, gaming, and finance to enhance vertical domain capabilities — a move analysts view as accelerating token economy growth and commercial monetization.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)