--- title: "Hong Kong stock movement: MINIMAX-W rises 11.47% as InnoTech raises target price, AI commercialization accelerates" type: "News" locale: "en" url: "https://longbridge.com/en/news/296574645.md" description: "MINIMAX-W rose 11.47%; Zhipu fell 0.88%, with a transaction volume of HKD 3.333 billion; Haizhi Technology Group rose 5.92%, with a transaction volume of HKD 201 million; Dipu Technology rose 0.51%, with a transaction volume of HKD 22.08 million; Zhongke Wenge rose 3.44%, with a market value of HKD 15.2 billion" datetime: "2026-08-21T06:17:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296574645.md) - [en](https://longbridge.com/en/news/296574645.md) - [zh-HK](https://longbridge.com/zh-HK/news/296574645.md) generator: "portal-rs" --- # Hong Kong stock movement: MINIMAX-W rises 11.47% as InnoTech raises target price, AI commercialization accelerates **Hong Kong Stock Movement** MINIMAX-W rose by 11.47%. Based on recent key news: 1. On August 20, MINIMAX launched the multimodal creation agent workstation MiniMax Design, pushing the model towards commercial content production. This move boosted market confidence in the company's technological capabilities, and the stock price rose by 9.17%. Source: Zhitong Finance 2. On August 21, MINIMAX continued to rise in the Hong Kong stock market, with a cumulative increase of over 11%. JP Morgan raised its target price to HKD 260, and the market holds an optimistic view on its valuation recovery. Source: CaiLianShe 3. On August 18, MINIMAX was included in the Hong Kong Stock Connect and the Hong Kong Stock Exchange Technology 100 Index, enhancing market liquidity and attention. Source: CaiLianShe The AI asset investment in Hong Kong stocks has increased, with attention to liquidity risks. **Stocks with High Trading Volume in the Industry** Zhizhu fell by 0.88%, with a transaction volume of HKD 3.333 billion. Based on recent key news: 1. On August 19, Zhizhu announced the launch of the GLM-5.3 API. Despite performance improvements, the stock price still fell, reflecting market doubts about the pricing and profitability of the new product. Source: Zhitong Finance 2. On August 18, JP Morgan raised Zhizhu's target price to HKD 1800, maintaining an overweight rating, but the stock price plummeted, with the market expressing concerns about the sustainability of the high pricing strategy. Source: Now News Channel 3. On August 21, the Hang Seng Index Company will announce changes to its constituent stocks, and Zhizhu is seen as a potential candidate for inclusion, but the market has doubts about its liquidity. Source: Economic Information Daily The AI industry is highly competitive, with differentiated pricing strategies. Haizhi Technology rose by 5.92%. Based on recent key news: 1. On August 21, Haizhi Technology Group's stock price rose by 6.41%, mainly benefiting from Palantir's second-quarter revenue growth of 94% year-on-year and an upward revision of its full-year sales forecast. The market views Haizhi Technology as the "Chinese version of Palantir," with its underlying technology and business model highly matching Palantir, driving the stock price up. Source: Zhitong Finance 2. On August 19, the market observed different response strategies from traditional consumer brands and industrial enterprises in the economic environment, showing a trend of market polarization. As an industrial-grade AI target, Haizhi Technology's scarcity and technological advantages make it stand out in the market. Source: Zhitong Finance 3. On August 19, market interest in high-leverage products increased, reflecting investors' pursuit of market sentiment. Although this is not directly related to Haizhi Technology, it shows the market's activity and volatility. Source: Zhitong Finance The market is polarized, highlighting the scarcity of AI targets. Dipu Technology rose by 0.51%. Based on recent key news: 1. On August 18, Dipu Technology reached a cooperation with Huawei Cloud, utilizing Huawei Cloud's Ascend computing power infrastructure to reduce operational costs and improve market reach. This significantly enhanced Dipu Technology's competitiveness, driving the stock price up Source: Zhitong Finance On August 18, Dipu Technology further solidified its ecological assets through cooperation with Huawei Cloud, enhancing the scalability of enterprise AI applications. This strategic partnership boosted market confidence and promoted a rise in stock prices. Source: Zhitong Finance On August 18, Dipu Technology optimized its computing cost by leveraging Huawei Cloud's open strategy and expanded its market influence through a broad partner network. This move was seen as a positive signal by the market, driving stock prices up. Source: Zhitong Finance Industry AI applications accelerate, market confidence strengthens. **Stocks ranked among the top in industry market capitalization** Zhongke Wenge rose by 3.44%. Based on recent key news: On August 18, Fubon New York Stock Exchange FactSet Taiwan Core Semiconductor Index ETF continued to inject funds into core chip manufacturers, driving related tech stocks up. Zhongke Wenge, as part of the tech stocks, benefited from the inflow of funds, with stock prices rising by 3.44%; On August 18, electronic payment solution provider Bafang Global Technology announced a dividend of HKD 0.25 per share, demonstrating strong cash flow. Amid macroeconomic challenges, market confidence in tech stocks strengthened, leading to an increase in Zhongke Wenge's stock price; On August 18, trading activities for other cyclical and defensive stocks were relatively calm, with construction holdings and Hengtai consumer goods trading activities being relatively subdued. Environmental protection and property management companies maintained stable operations, waiting for macroeconomic catalysts to drive valuation recovery. Zhongke Wenge stood out in tech stocks, with stock prices rising. 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