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On the eve of MiniMax’s IPO, institutional oversubscription exceeded 70 times, with Baillie Gifford, GIC, and the Norwegian sovereign fund joining in.

On the eve of MiniMax’s IPO, institutional oversubscription exceeded 70 times, with Baillie Gifford, GIC, and the Norwegian sovereign fund joining in.

China’s generative AI startup MiniMax Group Inc. is set to go public in Hong Kong, with its placement receiving strong support from leading global long-term funds and sovereign wealth funds. According to sources quoted by Bloomberg, investment firm Baillie Gifford, Singapore sovereign wealth fund GIC Pte, and Norges Bank

Polycrystalline silicon hits limit down! Short-term demand off-season and inventory hard to clear... Policy game returns to supply-demand fundamentals

Polycrystalline silicon hits limit down! Short-term demand off-season and inventory hard to clear... Policy game returns to supply-demand fundamentals

The polysilicon futures market suffered a setback at the beginning of 2026. On the 8th, the main polysilicon futures contract plunged 9.00% in a single day, closing at 56,024 yuan/ton, a sharp drop of 5,300 yuan compared to the previous trading day's settlement price,

This year will be the "darkest hour" for AI startups? Silicon Valley giants enter predatory mode.

This year will be the "darkest hour" for AI startups? Silicon Valley giants enter predatory mode.

The renowned venture capitalist Marc Andreessen said in 2011 that "software is eating the world," and by 2026, it looks like Silicon Valley giants are poised to "devour" AI startups. Over the past few years, the AI startup boom has spawned nearly 40,000 companies, but

Safe-haven sentiment rises, global stock market rally pauses, Nasdaq futures fall 0.5%, bonds favored, gold and silver drop.

Safe-haven sentiment rises, global stock market rally pauses, Nasdaq futures fall 0.5%, bonds favored, gold and silver drop.

``` Weak U.S. economic data and geopolitical tensions have shaken risk sentiment, leading stock markets broadly lower, pushing up bond prices, and causing precious metals to continue their downward trend. On January 8, U.S. stock index futures fell across the board, most Asian stock indexes declined, while South Korean

Benefiting from the soaring gold prices, the market value of the Philippine central bank's gold holdings surged by 70%, setting a record high.

Benefiting from the soaring gold prices, the market value of the Philippine central bank's gold holdings surged by 70%, setting a record high.

Driven by the strong surge in global gold prices, the market value of gold reserves held by the Central Bank of the Philippines soared by nearly 70% in 2025, reaching a historic high. This rapid expansion in asset value has not only significantly boosted the country's overall foreign

"China's first publicly listed major AI model company, Zhipu, sees a slight increase on its IPO debut: Can model iteration × ecosystem flywheel drive sustainable growth?"

"China's first publicly listed major AI model company, Zhipu, sees a slight increase on its IPO debut: Can model iteration × ecosystem flywheel drive sustainable growth?"

``` As a Chinese AI unicorn transformed from the Department of Computer Science at Tsinghua University, Zhipu AI has officially listed on the Hong Kong Stock Exchange, becoming the "first domestically listed AI foundational model stock" in China. On January 8, Zhipu officially debuted on the main board of

AI reconstructs consumer-side healthcare

AI reconstructs consumer-side healthcare

``` There used to be a prevailing bias in the pharma investment circle: investors generally believed that digital healthcare was a pseudo-concept. In their eyes, there is an “impossible triangle” in medical demand: low frequency, high barriers, and non-standardized products. Ordinary people don’t go to the doctor every day, doctors