--- title: "Hong Kong stock movement: MINIMAX-W rises 15.06%, driven by the AI industry boom and the \"10x Team\" plan boosting stock prices" type: "News" locale: "en" url: "https://longbridge.com/en/news/286213240.md" description: "MINIMAX-W rose 15.06%; Zhipu surged 29.17%, with a transaction volume of HKD 2.459 billion; Dipu Technology fell 3.06%, with a transaction volume of HKD 771 million; Haizhi Technology Group fell 0.68%, with a transaction volume of HKD 106 million; Jishijiao rose 3.74%, with a market value of HKD 11.9 billion" datetime: "2026-05-13T07:11:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286213240.md) - [en](https://longbridge.com/en/news/286213240.md) - [zh-HK](https://longbridge.com/zh-HK/news/286213240.md) --- # Hong Kong stock movement: MINIMAX-W rises 15.06%, driven by the AI industry boom and the "10x Team" plan boosting stock prices **Hong Kong Stock Movement** MINIMAX-W rose by 15.06%. Based on recent key news: 1. On May 11, MINIMAX-W announced the launch of the "10x Team" collaboration plan and opened positions for "10x Team Researchers" on recruitment platforms, attracting experts from industrial software, game engines, chip design, finance, and other fields. The plan aims to replicate the tenfold efficiency leap in programming across more industries, driving industry transformation. Following this announcement, the stock price rose. 2. On May 13, Zhitong Finance reported that large model concept stocks performed strongly, with MINIMAX-W's stock price rising by 9.63%. In terms of news, the AI industry is intensively exploring the monetization of large models, with China Merchants Securities and CITIC Securities both stating that the commercialization of the large model industry is unstoppable, and they expect strong explosive growth and potential in future ARR. 3. On May 11, Qichacha showed that MINIMAX's affiliated company, Shanghai Xiyu Jizhi Technology Co., Ltd., increased its registered capital from 1 billion yuan to 4 billion yuan, a 300% increase. This business change indicates the company's expansion in areas such as artificial intelligence foundational software development, further enhancing market confidence and driving the stock price up. The commercialization process of the AI industry is accelerating, and market expectations are strong. **Stocks with High Trading Volume in the Industry** Zhizhu surged by 29.17%. Based on recent key news: 1. On May 13, Zhizhu's stock price surged, mainly benefiting from the positive exploration of large model monetization in the AI industry. Zhizhu pushed its stock price up by adjusting API pricing and commercialization strategies. Zhitong Finance reported that the commercialization process of the AI industry is accelerating, with companies like Zhizhu performing strongly. 2. On May 11, Morgan Stanley's report pointed out that China's AI industry has entered a new phase, with Zhizhu benefiting as a foundational model supplier from the trend of technology shifting to applications. Morgan Stanley believes that Zhizhu's positioning in the AI field makes it a key player. 3. On May 10, Zhizhu is expected to be included in the Hang Seng Tech Index and Stock Connect, and the market is full of expectations for its future performance. Zhizhu's valuation and liquidity premium are facing tests, as the capital market prices in the future in advance. The acceleration of AI industry commercialization has led to significant capital inflows. Dipu Technology fell by 3.06%. Based on recent key news: 1. On May 12, Dipu Technology's founder Zhao Jiehui delivered a speech at the CITIC Securities Summit, emphasizing the importance of AI commercialization and introducing the fourth-generation "Ontology Paradigm Memory" technology. This technology aims to address the constraints of token economics, enhance the productivity of AI employees, and drive enterprise upgrades. This news attracted market attention, leading to stock price fluctuations. 2. On May 11, Dipu Technology released its annual performance announcement, showing that its manufacturing revenue accounted for over 50%, demonstrating strong monetization potential. The company has created business value through industry knowledge-driven large model technology, which has covered and exceeded computing power costs, further enhancing market confidence 3. Recently, there are no other important news. The technological innovation in the AI industry is accelerating, and market attention is high. Horizon Technology Group fell 0.68%. Based on recent key news: 1. On May 10, Cathay Securities analyst maintained a buy rating on Horizon Technology Group and set a target price of HKD 97.47. The analyst consensus is a moderate buy, with an average target price of HKD 90.99. This news had a positive impact on the stock price but failed to fully offset the overall downward trend in the market. 2. Recently, the overall sentiment towards technology stocks in the market has been cautious, leading to a weakening of investor confidence in Horizon Technology Group, which in turn affected the stock price performance. 3. Horizon Technology Group's trading volume reached HKD 106 million, indicating a high level of market attention on the stock, but due to the poor overall market environment, the stock price still experienced a decline. Technology stocks have shown weak performance recently, and market sentiment is cautious. **Stocks ranked at the top of the industry by market capitalization** ZEEKR rose 3.74%, with a market capitalization of HKD 11.9 billion, and there has been no important news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation ### Related Stocks - [00100.HK](https://longbridge.com/en/quote/00100.HK.md) - [02513.HK](https://longbridge.com/en/quote/02513.HK.md) - [01384.HK](https://longbridge.com/en/quote/01384.HK.md) - [02706.HK](https://longbridge.com/en/quote/02706.HK.md) - [06636.HK](https://longbridge.com/en/quote/06636.HK.md) ## Related News & Research - [Chinese AI Startup MiniMax Launches New Cross-Sector Recruitment Program for Top Experts](https://longbridge.com/en/news/286205492.md) - [MiniMax Group, Inc (0100) Receives a Buy from Citi](https://longbridge.com/en/news/284172663.md) - [After tech giants, a new cohort of “AI tigers” finds footing in China](https://longbridge.com/en/news/283389393.md) - [MiniMax Group, Inc (0100): New Buy Recommendation for This Technology Giant](https://longbridge.com/en/news/277711815.md) - [New Buy Rating for MiniMax Group, Inc (0100), the Technology Giant](https://longbridge.com/en/news/277143854.md)