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MiniMax Plans China IPO as it Eyes Local Rivals Like DeepSeek

China’s MiniMax Group Inc. has begun preparations for a domestic initial public offering, according to a regulatory filing, as the fast‑growing artificial intelligence startup challenges local rivals including DeepSeek.The filing comes after the Shanghai-based company listed in Hong Kong in January, joining a wave of Chinese AI firms turning to public markets to fund costly model development and expansion....

Read more at bloomberg.com

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