07:22 AM EDT, 06/18/2025 (MT Newswires) -- Alibaba Group ( BABA )-backed (BABA) Chinese artificial intelligence startup MiniMax, which is valued at around $3 billion, is considering an initial public offering in Hong Kong, Bloomberg News reported Wednesday, citing people familiar with the situation.

MiniMax has hired financial advisers for the potential offering and could aim to list as soon as this year, the unnamed sources told the news outlet.

MiniMax could not be reached immediately for comment.

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