MiniMax Becomes Most Popular Hong Kong Stock Among Mainland Investors in August

According to Bloomberg, AI developer MiniMax Group Inc. emerged as the most favored Hong Kong-listed stock for mainland Chinese investors in August. Through the Stock Connect program, investors purchased 10.6 billion HKD (approximately 1.4 billion USD) worth of MiniMax shares, surpassing trading volumes for Alibaba Group and Tencent. Since becoming eligible for Stock Connect on August 6, mainland investors have accumulated a 9.7% stake in the AI startup.