Maria Garcia / implicator - Chinese AI firms MiniMax and Zhipu AI race to Hong Kong IPOs at $6.5B valuations despite massive losses. Zhipu burned $271M on $27M revenue in six months. The Manus-Meta deal reveals the emerging pattern: Chinese talent, Singapore HQ, American buyer.
Back to Top / Wednesday, December 31, 2025, 8:20 am / permalink 17384 / 12 stories in 2 months
China’s AI firm Zhipu debuts in Hong Kong with $558 million IPO / 1 month
Chinese AI Startup MiniMax Surges in Hong Kong IPO Debut / 1 month
Anthropic closes $30B round, shoots valuation to $380B / 21 days
Anthropic advances $20B fundraising round at $350B valuation milestone / 5 wks
Alphabet surges past $4 trillion amid AI-fueled market optimism / 7 wks
Alibaba’s Qwen lead resigns; CEO task force and CTO assume control / 44 hrs
Anthropic’s Claude Code claim sends IBM shares tumbling / 11 days
NorthFeed Inc.
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