Hong Kong stock market AI model sector rallies as MiniMax and Zhipu post strong gains

On May 27, the large model concept sector in the Hong Kong stock market demonstrated robust momentum. By midday, MINIMAX-W (00100.HK) surged by more than 8%, while Zhipu (02513.HK) also posted strong gains of nearly 5%.
1. Market Context: Sustained Momentum for AI Leaders
Recently, the Hong Kong large model sector has exhibited consistent growth. Market data indicates that this segment has remained resilient across multiple trading sessions:
MINIMAX-W: Following its inclusion in the Hang Seng Tech Index announced by the Hang Seng Index Company on May 22, market interest intensified, keeping the stock’s performance active.
Industry Synergy: Recognized as the “AI large model twins” of the Hong Kong market, MiniMax and Zhipu have emerged as top choices for investors seeking exposure to AI, thanks to their deep technical expertise and advancing commercialization efforts.
2. Company Profiles: Key Players in Hong Kong’s AI Landscape
MiniMax (00100.HK): Listed on the Hong Kong Stock Exchange on January 9, 2026, MiniMax is a global leader in AI large models. Its comprehensive product lineup includes the Hailuo series, MiniMax Agent, and Xingye. With a market capitalization exceeding 24 billion HKD, it stands as a prominent enterprise in the AI large model sector.
Zhipu (02513.HK): Listed on the Hong Kong Stock Exchange on January 8, 2026, Zhipu is often referred to as the “first stock of global AGI.” Its proprietary GLM (General Language Model) architecture excels in long-text processing, logical reasoning, and hallucination mitigation, securing a central role within the domestic large model ecosystem.
3. Key Drivers Behind Market Strength
Analysts attribute the collective rise of AI stocks to several key factors:
Regulatory Clarity: As global AI safety evaluation frameworks improve, leading large model providers benefit from stronger compliance and safety assessment capabilities, enhancing their market certainty.
Commercialization Progress: MiniMax and Zhipu have recently achieved notable advancements in Agent (intelligent agents), AI hardware integration (e.g., AI glasses), and enterprise services, leading to clearer commercialization pathways.
Investor Sentiment: MiniMax’s inclusion in the Hong Kong technology stock index has attracted increased passive fund allocations, driving upward revisions in overall sector valuations.
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On May 27, the large model concept sector in the Hong Kong stock market demonstrated robust momentum. By midday, MINIMAX-W (00100.HK) surged by more than 8%, while Zhipu (02513.HK) also posted strong gains of nearly 5%.
1. Market Context: Sustained Momentum for AI Leaders
Recently, the Hong Kong large model sector has exhibited consistent growth. Market data indicates that this segment has remained resilient across multiple trading sessions:
MINIMAX-W: Following its inclusion in the Hang Seng Tech Index announced by the Hang Seng Index Company on May 22, market interest intensified, keeping the stock’s performance active.
Industry Synergy: Recognized as the “AI large model twins” of the Hong Kong market, MiniMax and Zhipu have emerged as top choices for investors seeking exposure to AI, thanks to their deep technical expertise and advancing commercialization efforts.
2. Company Profiles: Key Players in Hong Kong’s AI Landscape
MiniMax (00100.HK): Listed on the Hong Kong Stock Exchange on January 9, 2026, MiniMax is a global leader in AI large models. Its comprehensive product lineup includes the Hailuo series, MiniMax Agent, and Xingye. With a market capitalization exceeding 24 billion HKD, it stands as a prominent enterprise in the AI large model sector.
Zhipu (02513.HK): Listed on the Hong Kong Stock Exchange on January 8, 2026, Zhipu is often referred to as the “first stock of global AGI.” Its proprietary GLM (General Language Model) architecture excels in long-text processing, logical reasoning, and hallucination mitigation, securing a central role within the domestic large model ecosystem.
3. Key Drivers Behind Market Strength
Analysts attribute the collective rise of AI stocks to several key factors:
Regulatory Clarity: As global AI safety evaluation frameworks improve, leading large model providers benefit from stronger compliance and safety assessment capabilities, enhancing their market certainty.
Commercialization Progress: MiniMax and Zhipu have recently achieved notable advancements in Agent (intelligent agents), AI hardware integration (e.g., AI glasses), and enterprise services, leading to clearer commercialization pathways.
Investor Sentiment: MiniMax’s inclusion in the Hong Kong technology stock index has attracted increased passive fund allocations, driving upward revisions in overall sector valuations.
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