Bullish
Zhidu Stock Plunges 20% and MiniMax Drops Over 11% in Hong Kong Market
2026-07-28 11:06:21
Zhidu shares fell 20% while MiniMax declined over 11% on the Hong Kong exchange, following the recent public release of the Kimi K3 model.
Woofun AI reports that Zhidu stock experienced a 20% decline in the Hong Kong market.
Concurrently, MiniMax shares dropped by more than 11%. These movements occurred after the public release of the Kimi K3 model last month.
WOOFUN AI
Impact Assessment · Quick Read
The sharp sell-off in Zhidu and MiniMax suggests immediate market sensitivity to competitive developments in the AI sector. The release of the Kimi K3 model appears to have triggered negative sentiment, potentially impacting investor confidence in related AI-focused equities.
Generated by WOOFUN AI · For reference only, not investment advice
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