$MINIMAX-WP(00100.HK) products have no international market and at best can be compared to character ai. Looking at the order book, the stocks are all bought by southbound capital. Originally, it was internally promoted as the only profitable large model company, but after listing, it was found that renting computing power actually lost more money. It can basically be concluded that the listing was forced by the liquidation pressure of early VCs. Not optimistic in the long term, 80% chance it will follow the old path of its predecessor $SENSETIME-W(00020.HK). In the tech industry, there is no forever leading technology; only money can ensure survival, let alone this company can't even squeeze into the top ten. Investing in minimax for AI is worse than investing in $Meituan(MPNGY.US)