Hong Kong Stock Market Movement | MINIMAX-WP(00100) surged over 14% intraday to hit a new high, up more than 4.5 times since the beginning of the year

LootboxPhobia · 2026-02-20T08:39:22+00:00

MINIMAX-WP stock price hits a new high since listing, rising over 14% to HKD 980, with a year-to-date increase of over 450%. The company launched the world's first programming model designed for Agent scenarios, MiniMax M2.5, attracting developer attention; it is expected to see significant revenue growth in the future and has the potential to become a global AI benchmark.

LootboxPhobia

2026-02-20 08:39:22

Abstract generation in progress

Tongtong Finance APP learned that MINIMAX-WP (00100) surged over 14% during trading, reaching a high of HKD 980, setting a new listing high. Since early 2026, the stock price has increased by over 450%. As of the time of writing, it is up 9.68%, trading at HKD 929, with a turnover of HKD 2.076 billion.

On the news front, MiniMax recently launched its flagship programming model MiniMax M2.5, the world’s first production-level model natively designed for Agent scenarios, supporting full-stack programming development across PC, App, and cross-platform applications. On the evening of February 15, MiniMax simultaneously released the M2.5-Highspeed version and Coding Plan subscription service. This version aims to provide professional developers with lower latency and higher concurrency inference experience, achieving speeds up to three times faster than similar products, quickly sparking a rush among developers domestically and abroad.

CICC pointed out that the company is currently one of the few in China capable of running both foundational model capabilities and global AI-native application commercialization simultaneously, making it scarce in the AI sector. Guotai Haitong stated that the company’s self-developed multi-modal large model outperforms in performance, with a high proportion of overseas revenue and ample cash reserves; it is expected to generate $220 million in revenue by 2026, with a 113x PS valuation, reflecting its growth potential as a scarce globalized AI target in Hong Kong stocks.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.