MiniMax Group Explores Shanghai STAR Market Listing

Chinese artificial intelligence startup MiniMax Group on May 31, 2026 disclosed plans to explore a listing on Shanghai's Nasdaq-style STAR Market, according to a filing with the Hong Kong Stock Exchange. The company said it has hired advisors to provide guidance on meeting the board's requirements and has entered into a tutoring agreement, a mandatory step before a domestic IPO. MiniMax cautioned that any yuan-denominated share issuance would be subject to market conditions and securing necessary regulatory approvals. The move comes as China's tech startups increasingly consider domestic listings amid Beijing's push to retain promising firms on local exchanges.