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China
Zhōngguó
中国
artificial intelligence
réngōng zhìnéng
人工智能
company
gōngsī
公司
MiniMax (Chinese AI company)
MiniMax
MiniMax
to complete
wánchéng
完成
$2 billion
èrshí yì měiyuán
二十亿美元
fundraising / financing
róngzī
融资
。

MiniMax (Chinese AI company)
MiniMax
MiniMax
through / via
tōngguò
通过
shares / stock
gǔpiào
股票
and
hé
和
bonds
zhàiquàn
债券
in
zài
在
Hong Kong
Xiānggǎng
香港
to raise funds
róngzī
融资
approximately
yuē
约
$2 billion
èrshí yì měiyuán
二十亿美元
，
plans to
jìhuà
计划
will
jiāng
将
the majority / most
dà bùfen
大部分
funds / capital
zījīn
资金
to be used for
yòng yú
用于
to expand
kuòdà
扩大
AI
réngōng zhìnéng
人工智能
infrastructure
jīchǔ shèshī
基础设施
and
hé
和
global
quánqiú
全球
operations / business
yèwù
业务
。
company
gōngsī
公司
founder
chuàngshǐrén
创始人
to announce
xuānbù
宣布
，
before
zài
在
to achieve / realize
shíxiàn
实现
AGI / artificial general intelligence
tōngyòng réngōng zhìnéng
通用人工智能
before
zhīqián
之前
will
jiāng
将
not
bù
不
to receive / draw
lǐngqǔ
领取
salary
xīnshuǐ
薪水
。

July 11, 2026 at 12:10 PM

China
Zhōngguó
中国
artificial intelligence
réngōng zhìnéng
人工智能
company
gōngsī
公司
MiniMax (Chinese AI company)
MiniMax
MiniMax
in
zài
在
Hong Kong
Xiānggǎng
香港
to complete
wánchéng
完成
(completion particle)
le
了
approximately
yuē
约
$2 billion
èrshí yì měiyuán
二十亿美元
(structural particle)
de
的
fundraising / financing
róngzī
融资
。
MiniMax
MiniMax
MiniMax
through / via
tōngguò
通过
shares / stock
gǔpiào
股票
share placement / allocation
pèishòu
配售
and
hé
和
zero-coupon / zero-interest
líng xī
零息
convertible
kě zhuǎnhuàn
可转换
bonds
zhàiquàn
债券
to complete
wánchéng
完成
(particle)
le
了
this
zhè
这
(measure word for financial transactions)
bǐ
笔
financing
róngzī
融资
。
this
zhè
这
(measure word for companies)
jiā
家
company
gōngsī
公司
to be founded / established
chénglì
成立
in / at (formal)
yú
于
the year 2022
2022 nián
2022年
，
this year
jīnnián
今年
January
yīyuè
一月
in
zài
在
Hong Kong
Xiānggǎng
香港
stock exchange
jiāoyìsuǒ
交易所
to go public / list
shàngshì
上市
。
since
zì
自
listing / going public
shàngshì
上市
since (time reference)
yǐlái
以来
，
its (formal)
qí
其
share price
gǔjià
股价
already
yǐjīng
已经
to rise / increase
shàngzhǎng
上涨
(particle)
le
了
more than / exceeding
chāoguò
超过
60 percent
liù chéng
六成
。
MiniMax
MiniMax
MiniMax
to state / indicate
biǎoshì
表示
，
the fundraising
róngzī
融资
proceeds / obtained
suǒdé
所得
funds / capital
zījīn
资金
(structural particle)
de
的
80 percent
bā chéng
八成
will
jiāng
将
to be used for
yòng yú
用于
to expand
kuòdà
扩大
AI
réngōng zhìnéng
人工智能
infrastructure
jīchǔ shèshī
基础设施
。
the company
gōngsī
公司
also / additionally
hái
还
to plan
jìhuà
计划
to accelerate / speed up
jiākuài
加快
AI agent / intelligent agent
zhìnéng tǐ
智能体
products
chǎnpǐn
产品
in
zài
在
global / worldwide
quánqiú
全球
(structural particle)
de
的
commercialization
shāngyèhuà
商业化
process / progress
jìnchéng
进程
。
founder
chuàngshǐrén
创始人
Yan Junjie (CEO of MiniMax)
Yán Jùnjié
闫俊杰
to announce
xuānbù
宣布
，
before
zài
在
the company
gōngsī
公司
to achieve / realize
shíxiàn
实现
AGI / artificial general intelligence
tōngyòng réngōng zhìnéng
通用人工智能
before
zhīqián
之前
，
he
tā
他
will
jiāng
将
no longer
bù zài
不再
to receive / draw
lǐngqǔ
领取
salary
xīnshuǐ
薪水
。
he
tā
他
also
hái
还
to promise / pledge
chéngnuò
承诺
within
zài
在
four years
sì nián
四年
within
nèi
内
to / toward
xiàng
向
employees / staff
yuángōng
员工
to distribute / hand out
fēnfā
分发
equivalent to / amounting to
xiāngdāng yú
相当于
the company
gōngsī
公司
four percentage points
sì gè bǎifēndiǎn
四个百分点
equity / share ownership
gǔfèn
股份
(structural particle)
de
的
stock shares
gǔpiào
股票
reward / incentive
jiǎnglì
奖励
。
but / however
dàn
但
the fundraising
róngzī
融资
news / announcement
xiāoxi
消息
to announce / release
gōngbù
公布
after
hòu
后
，
MiniMax
MiniMax
MiniMax
(structural particle)
de
的
share price
gǔjià
股价
at one point / momentarily
yīdù
一度
to fall / decline
xiàdiē
下跌
nearly / close to
jìn
近
10 percent
yī chéng
一成
。

News in English

Business

Chinese AI Firm MiniMax Raises 2 Billion Dollars in Hong Kong Share Sale

MiniMax raised approximately $2 billion through a share placement and zero-coupon convertible bonds in Hong Kong, with plans to put 80 percent of the proceeds toward AI infrastructure expansion. The company founder pledged to forgo his salary until the firm achieves artificial general intelligence.

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