---
title: "MINIMAX-W surges 11% as H3 model open-source draws over 100 partners"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294919641.md"
description: "MINIMAX-W surges 11% in Hong Kong; H3 open-source model attracts 100+ partners, Goldman Sachs initiates Buy at HK$800 target"
datetime: "2026-08-05T06:28:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294919641.md)
  - [en](https://longbridge.com/en/news/294919641.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294919641.md)
generator: "portal-rs"
---

# MINIMAX-W surges 11% as H3 model open-source draws over 100 partners

MINIMAX-W (100.HK) surged more than **11%** in Hong Kong trading to **HK$255.6**. The company's open-source multimodal model H3 attracted over 100 domestic and international partners for Day 0 adaptation within 24 hours of its release, spanning chip makers, developer communities, cloud inference platforms, and AI application companies.

Separately, Goldman Sachs initiated coverage on MINIMAX-W with a Buy rating and a target price of **HK$800**, saying the H3 model's cost advantage will help accelerate the company's commercialization.

### Related Stocks

- [00100.HK](https://longbridge.com/en/quote/00100.HK.md)

## Related News & Research

- [Genspark Launches Dedicated PPT Production Model Trained on MINIMAX-W M3 Open Weights](https://longbridge.com/en/news/298703727.md)
- [G Sachs: MINIMAX-W ARR Continues to Climb; GM Expected to Improve; Buy Rating Kept](https://longbridge.com/en/news/298529994.md)
- [Washington Accuses BABA-W, MINIMAX-W, Z.AI and Others of Systematically 'Distilling' US AI Models](https://longbridge.com/en/news/298398627.md)
- [11:10 ETfal Launches H3 Max, a New Post-Trained Video Model with Frontier Quality and Faster-Than-Real-Time Generation](https://longbridge.com/en/news/297671685.md)
- [Citi Raises MINIMAX-W  TP to HKD576, Expects Year-end ARR Target Achievable](https://longbridge.com/en/news/297141340.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**