00100 — MiniMax had one of its busiest weeks since listing, and one more catalyst may be on the way. The company (HKEX: 00100) is raising ~$2B for AI infrastructure and R&D. Its enterprise and developer base crossed 1 million by end-June, from ~200k at end-2025, and consumer products now reach ~300M users globally. Its founder pledged to take no pay until the company reaches AGI On the model side, M3 shipped as a frontier open-weight release, with a 2.7-trillion-parameter M3 Pro reported for Q3 The near-term catalyst being talked about: unconfirmed market chatter points to potential Stock Connect inclusion as soon as early August. If it happens, it would open the door to southbound flows — historically a liquidity and demand tailwind for newly eligible names. Nothing official yet The other side: shares fell ~9.8% on the raise and sit ~78% below their March peak → NFA. For informational purposes only #MiniMax# #AI#