On August 20, MINIMAX-W rose 3.63% in regular trading, trading at 299.0 HKD/share, with turnover of HKD 476 million. The stock staged a technical rebound following a cumulative decline of over 20% in the preceding two sessions.

On the news front, the company announced the launch of MiniMax Design, a productivity tool built on its native multimodal video model H3. The product can interpret user creative goals, decompose tasks, and invoke corresponding models to complete end-to-end workflows from material processing to final delivery, covering demanding scenarios such as video editing. This marks a further step in the company's multimodal commercialization efforts.

The stock had previously faced sustained selling pressure due to elevated short-selling activity, with single-day short volume reaching 1.55 million shares on August 14, alongside investor caution ahead of the interim results announcement scheduled for August 26. Multiple institutions maintain bullish ratings, with Goldman Sachs and Daiwa both reaffirming positive outlooks on the company's ARR growth trajectory and model competitiveness.

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