China’s AI startup MiniMax is considering a listing on the Shanghai STAR Market as it looks to support its model development and expansion. Many Chinese AI startups, following initial overseas debuts, are increasingly pursuing domestic public listings on exchanges like the STAR Market to facilitate growth. To navigate the exchange’s requirements and secure necessary approvals, these firms typically engage advisors and enter tutoring agreements.

Ryan Woo: Ryan Woo is a Reuters correspondent focusing on China-related business and economic news. He co-reported the details of MiniMax Group’s advisors and tutoring agreement for the proposed STAR Market listing.
Ethan Wang: Ethan Wang is a Reuters journalist based in Beijing who covers Chinese economic, business, and market developments. He co-reported the filing by MiniMax Group regarding its STAR Market listing exploration.
MiniMax Group: MiniMax Group is a Shanghai-based artificial intelligence startup specializing in the research and development of foundation models, including large language models and multimodal AI technologies. The company recently listed on the Hong Kong Stock Exchange and has now filed to explore a domestic listing on Shanghai’s STAR Market, engaging advisors to meet the exchange’s requirements.
Bernadette Baum: Bernadette Baum is a Reuters editor handling business and financial reporting from Asia. She oversaw the editing of the article on MiniMax Group’s exploration of a Shanghai STAR Market listing.
Hong Kong Stock Exchange: The Hong Kong Stock Exchange is a leading global venue for companies seeking public listings, particularly those from mainland China. MiniMax Group submitted its regulatory filing there outlining plans to pursue a potential yuan-denominated issuance on the STAR Market.

AI Listings: Chinese AI startups are increasingly pursuing domestic public listings on exchanges like the STAR Market to support model development and expansion after initial overseas debuts.
Regulatory Guidance: Firms seeking STAR Market listings commonly hire advisors and sign tutoring agreements to navigate the exchange’s requirements and secure necessary approvals.