Source: Tech – South China Morning PostChinese artificial intelligence start-up MiniMax plans to channel funds from its proposed Hong Kong initial public offering (IPO) into research and development as it seeks to compete with global and domestic rivals, according to a person familiar with the matter.
With 70 per cent of its revenue generated overseas, MiniMax was targeting Hong Kong’s international investor base and capital market, the person said.
The Shanghai-based firm, backed by Alibaba Group Holding and Tencent Holdings, was…Read More