BusinessPhoto: Mint MarketsChina AI Model Stocks Fall $150 Billion Amid Rising Competition
China's AI model developer stocks, including MiniMax Group Inc. and Z.AI Co. (Zhipu), have lost a combined $150 billion in market value since their highs. The decline follows strong market debuts in January and intensifying competition, with domestic firms cutting token prices and global rivals like Anthropic PBC and OpenAI reducing costs. Upcoming IPOs from DeepSeek and Moonshot AI may further impact investor interest in MiniMax and Zhipu.
Mint Markets·




