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MiniMax, a Chinese AI unicorn company, has officially completed a new round of financing totaling 16 billion HKD (over 2 billion USD) this morning. This substantial capital injection will fully replenish MiniMax's financial reserves, providing strong financial support for its upcoming AI infrastructure construction, cutting-edge model research and development, and global commercial expansion.
As one of the most closely watched deals in the global AI sector recently, this financing round has triggered an extremely enthusiastic response in the international capital market. The initial fundraising target was approximately 1.8 billion USD, but due to strong demand from international investors, it was ultimately expanded to over 2 billion USD. The transaction attracted more than 100 investment institutions, achieving a coverage of 7 times oversubscription.
The investor background of this transaction is extremely strong, covering three major markets: Asia-Pacific, Europe, and the United States. Participating institutions include several top-tier international sovereign wealth funds, long-term funds, leading Chinese institutional investors, and top multi-strategy funds. Notably, more than 20 long-term and sovereign wealth funds were involved. It is worth mentioning that several of MiniMax's Pre-IPO and cornerstone investors also chose to continue investing and increase their stake in this transaction, expressing their firm support for MiniMax's long-term development and technological prospects with real money.