Chinese AI Startups MiniMax and Zhipu Eye Hong Kong IPOs, US Investors Panic 🚀💥

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In what might be the most exciting thing happening since someone finally decided to turn their art project into a startup, two Chinese AI firms, MiniMax and Zhipu, are gearing up for their big debut on the Hong Kong Stock Exchange in early 2026. Yep, they’re basically setting their sights on that shiny IPO stage, waving their digital flags like a pair of nerdy prom queens. 💃🤖

  • MiniMax and Zhipu got the VIP pass-aka approval-from the China Securities Regulatory Commission (CSRC). Basically, they’ve been given the green light to go public. 🎉
  • Both are aiming to make it official by 2026-so start practicing your ‘HODL’ skills now. 🤑
  • Meanwhile, across the pond in the US, investor confidence just took a nosedive faster than your phone battery at 2%. This after Oracle, the old guy of tech, posted an earnings miss that sent everyone running for the exits. 🏃‍♂️💨

So, picture this: two promising AI companies, backed by giants like Alibaba and Tencent, are readying their IPOs for the big leagues. Meanwhile, US investors areswear it’s the apocalypse-blame Oracle’s bad day and the fact that nobody really knows if AI stocks are a buy or just a fancy hype train that might derail at any second.

Bloomberg’s first to break the news, because who else? Not your neighbor’s cousin’s brother’s best friend, definitely Bloomberg. The IPOs could shake up China’s AI scene even more and may finally convince investors to stop treating AI like a giant game of hot potato. 🥔🤖

And on this side of the world, Oracle’s earnings miss – which is basically the corporate version of showing up to the party and realizing you forgot your pants. Their stock dipped by 10%, trading at around $198.85, dragging Nvidia (-1.55%), Broadcom (-1.6%), and even tiny CoreWeave (-0.88%) down with it. Just a typical day in the wild world of AI investing, I guess. 🚧💸

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2025-12-12 01:42