Economic Information Daily, 8th - MiniMax (00100) is down 8%, trading at HK$221, with approximately 3.38 million shares traded, involving HK$775 million; Zhipu (02513) fell 5.2%, to HK$659.5.
Reports indicate that DeepSeek, a large model startup, is considering expanding its latest fundraising round to as much as RMB 10 billion, double its previous target; currently, state-backed funds and corporate investors are racing to invest.
Additionally, Biren Technology (06082) announced a placement of 130 million new shares at a discount of about 9.76%, representing approximately 4.76% of expanded issued shares, raising net proceeds of about RMB 4.02 billion.
Biren Technology had just passed the six-month IPO lock-up period in early July and immediately conducted its first placement, raising about RMB 7 billion. At that time, the company signed a lock-up commitment with placement agents, agreeing not to issue or sell any new shares within 90 days. Now that the lock-up period ended in early October, Biren Technology has immediately launched a new placement round raising RMB 4 billion.
Zhipu and MiniMax previously announced placements after their July lock-up periods expired. Zhipu even conducted a second placement in September, indicating continued fundraising pressure on AI-related stocks.
Currently, the Hang Seng Index stands at 24,074, down 55 points or 0.2%, with main board turnover near HK$42.4 billion. The Hang Seng China Enterprises Index is at 8,111, up 29 points or 0.4%. The Hang Seng Tech Index is at 4,158, down 36 points or 0.9%. (vs)
Reports indicate that DeepSeek, a large model startup, is considering expanding its latest fundraising round to as much as RMB 10 billion, double its previous target; currently, state-backed funds and corporate investors are racing to invest.
Additionally, Biren Technology (06082) announced a placement of 130 million new shares at a discount of about 9.76%, representing approximately 4.76% of expanded issued shares, raising net proceeds of about RMB 4.02 billion.
Biren Technology had just passed the six-month IPO lock-up period in early July and immediately conducted its first placement, raising about RMB 7 billion. At that time, the company signed a lock-up commitment with placement agents, agreeing not to issue or sell any new shares within 90 days. Now that the lock-up period ended in early October, Biren Technology has immediately launched a new placement round raising RMB 4 billion.
Zhipu and MiniMax previously announced placements after their July lock-up periods expired. Zhipu even conducted a second placement in September, indicating continued fundraising pressure on AI-related stocks.
Currently, the Hang Seng Index stands at 24,074, down 55 points or 0.2%, with main board turnover near HK$42.4 billion. The Hang Seng China Enterprises Index is at 8,111, up 29 points or 0.4%. The Hang Seng Tech Index is at 4,158, down 36 points or 0.9%. (vs)
