MiniMax Group is trading 4.03% down at HK$286 after a sector-wide sell-off in Hong Kong-listed Chinese AI stocks.
- Investing.com reported on September 21, 2026, that a data-privacy controversy involving rival ZAI Co. raised industry-wide concerns about regulatory scrutiny and user confidence, spilling over to MiniMax.
- No separate MiniMax-specific announcement was identified for September 22, 2026.
- September 17 and 18 gains preceded the latest decline; primary explanation is sector sympathy selling, not a confirmed company-specific catalyst.