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OpenAI

OpenAI: A leading entity in the Technology and Artificial Intelligence sector, San Francisco-based OpenAI specialises in developing advanced AI models and tools, including the GPT family of large language models, DALL-E, and ChatGPT. They primarily serve businesses, organisations, academic institutions, and increasingly, the general public, aiming to enhance operations and drive innovation. Known for catalysing widespread interest in generative AI with ChatGPT’s release, OpenAI’s overall business focus is on building a globally competitive AI ecosystem and developing safe, beneficial artificial general intelligence that aligns with human values. The company also has offices in London, Dublin, and Tokyo.

Executives of MiniMax Group, Suzhou Ribo Life Science, Yunnan Jinxun Resources and HKEX at the IPO listing ceremony on Friday. Photo: Jonathan Wong

IPO

Chinese AI start-up MiniMax shines on Hong Kong IPO debut

The shares jump as much as 113.2 per cent to HK$351.80 before ending the day 109.1 per cent higher at HK$345.

9 Jan 2026 - 5:07PM

OpenAI

Chinese AI start-up MiniMax shines on Hong Kong IPO debut

The shares jump as much as 113.2 per cent to HK$351.80 before ending the day 109.1 per cent higher at HK$345.

Dose of uncertainty: experts wary of AI health tech gadgets at CES trade show

Lenovo unveils new AI agent, Nvidia tie-up in glitzy show at CES 2026

DeepSeek to customise namesake chatbot for Italian users following probe

The firm agrees to a package of commitments, including tackling AI model ‘hallucination’ issues, with the Italian Competition Authority.

Hollywood in 2026: what to expect, from movies and China focus to ‘Dunesday’

Hollywood faces a pivotal year of change in 2026, with the potential Netflix/Warner deal, AI actors and nostalgia fever among key factors.

China’s DeepSeek adds advanced ‘thinking’ feature amid buzz over next model

Hangzhou-based AI start-up installs ‘interleaved thinking’ as monthly users surge 90 per cent to nearly 131.5 million.

Chinese quant fund joins DeepSeek in AI race with LLM rivalling GPT-5.1, Claude

Beijing-based Ubiquant launches code-focused systems claiming benchmark wins over US peers despite using far fewer parameters.

.css-1m2rp1p{color:#34b8b5;}Opinion | Why reducing AI harm requires more than tech firms’ empty promises

Real action incurs real cost, which is why incentives and regulatory frameworks for tech firms matter.

China’s Moonshot AI raises US$500 million in latest funding round: report

The Kimi AI model developer is now valued at US$4.3 billion, with cash reserves worth US$1.4 billion.

China AI start-up MiniMax kicks off US$538 million Hong Kong IPO

Start of Shanghai-based company’s share sale follows launch of rival Zhipu’s US$560 million IPO a day earlier.

China’s tech giants offer lavish year-end bonuses amid AI talent war

ByteDance is expanding its bonus pool by 35 per cent from a year earlier, as well as increasing the budget for pay rises by 150 per cent.

Chinese researchers unveil new technique for near-instant AI video creation

TurboDiffusion is expected to enable commercial-scale video creation at less cost and a faster pace.

China’s Zhipu and MiniMax release latest AI models ahead of Hong Kong listing

The near-simultaneous release on Monday underscores the two firms’ efforts to drum up interest for their respective Hong Kong IPOs.

.css-sioo19{color:#c79a00;}Exclusive | TikTok owner ByteDance’s valuation hits US$500 billion as US plan advances

Figure marks a record for China’s tech giant, which will divest its US entity into a joint venture that includes Oracle and Silver Lake.

Language Matters | Word of the Year 2025 choices reflect how virtual our reality has become

From Oxford’s ‘rage bait’ to Macquarie Dictionary’s ‘AI slop’, 2025 WOTYs show the influence of the virtual world on our daily lives.

Opinion | Why AI chatbots are unlikely to bring about human extinction

Stories of chatbots behaving in surprising ways are fuelling the rise of ‘AI doomers’ who warn of the risk of human extinction. This extreme view is misguided.

AI agent maker Manus hits US$100 million revenue milestone in 9 months

Manus 1.5, launched in October, boasts improvements in speed and reliability across research and web development tasks.

China’s open-source AI models rival US giants, making engagement urgent: report

The report calls on US actors to engage with Chinese firms as the AI landscape continues to evolve.

Tencent shakes up AI operations, names recent recruit as chief AI scientist

Vinces Yao Shunyu now serves as chief AI scientist under the CEO’s office, reporting directly to Tencent president Martin Lau.

Xiaomi launches open-source model to compete against DeepSeek, OpenAI systems

MiMo-V2-Flash ‘particularly excels in reasoning, coding and agentic scenarios’, Xiaomi says.

OpenAI in talks to raise US$10 billion from Amazon and adopt Trainium chips

The deal is under discussion could value OpenAI upwards of US$500 billion, a source said.

China’s Qwen and DeepSeek edge out US AI models in Christian values benchmark

US start-up Gloo’s Flourishing AI Christian benchmark tested how the output of AI models ‘help people flourish’, CEO Pat Gelsinger said.

Rapid advances in China’s AI video space lead to widespread tech adoption

Cutting-edge tools from Shengshu, Kuaishou, Alibaba Cloud and SenseTime transform content creation for marketers and creators alike.

Chinese expert calls for world models and safety standards for embodied AI

Turing Award winner Andrew Yao says embodied AI needs reasoning, planning and control in one framework.

Kimi developer Moonshot shows China’s growing AI depth: US government report

Washington’s evaluation highlights an increasing number of Chinese companies developing world-leading open-weight AI models, not just DeepSeek.

Sea change: China narrows AI gap with US 3 years after ChatGPT shock

The turning point came when DeepSeek released its V3 and R1 models, which were on par with OpenAI’s GPT and Meta’s Llama models at the time.

Huawei bolsters AI ambitions with foundation model unit, recruits global talent

In a recruitment ad posted in October, the Shenzhen-based firm said it was building a world-class AI team, wooing global talent.

AI | China chases superintelligent AI without sci-fi movie risks

AI systems with human-level intelligence, or higher, offer the promise of solutions to humanity’s biggest challenges but the risk of humans losing control.

Opinion | Why reducing AI harm requires more than tech firms’ empty promises

Exclusive | TikTok owner ByteDance’s valuation hits US$500 billion as US plan advances