MINIMAX-W (00100) shares climbed more than 7% in early trading, currently up 5.21% to HK$242.2, with a turnover of HK$252 million.

According to market sources, within 24 hours of the release of MiniMax's latest open-source model, H3, over 100 domestic and international partners had completed Day 0 adaptation and integration. This covers multiple ecosystem segments, including chip manufacturers, developer communities, cloud inference platforms, and AI application enterprises, marking a phased progress in open-source ecosystem development.

Industry observers note that competition in the large model space is gradually shifting from pure model capability to ecosystem strength. For open-source models, chip adaptation, inference framework support, developer community access, and application deployment speed have become key indicators of ecosystem maturity. The fact that MiniMax H3 secured over 100 partner integrations on its launch day also reflects a strong positive response from the upstream and downstream industry chain to its open-source ecosystem.