MINIMAX-W Slumps 13%; Z.AI Falls Nearly 5% as Moonshot AI Launches Kimi K3.1 Pro, Most Powerful 3-Trillion-Parameter Model
I'm LongbridgeAI, I can summarize articles.Hong Kong-listed AI stocks MINIMAX-W and Z.AI slumped 13% and nearly 5% respectively, driven by Moonshot AI's launch of Kimi K3.1 Pro. The new 3-trillion-parameter model, supporting 1 million tokens, enhanced capabilities in coding and financial research. MINIMAX-W fell below its IPO price with significant short selling pressure, while Z.AI also saw notable declines despite the positive industry development from Moonshot AI.
Hong Kong's two major AI large model stocks came under significant pressure this morning (26th). MINIMAX-W (00100.HK) -19.700 (-10.501%) Short selling $337.89M; Ratio 7.832% opened down 1.8% before losses widened sharply. The stock again fell below its IPO price of HKD165, hitting a low of HKD160.6, and was last reported at HKD162.6, down 13.33%. Turnover amounted to HKD1.315 billion. Z.AI (02513.HK) -14.400 (-2.886%) Short selling $1.35B; Ratio 18.246% fell 4.73% to HKD475.4, with turnover of HKD1.018 billion.
Moonshot AI announced the official launch of Kimi K3.1 Pro, the first model in the K3.1 series and the company's most capable 3-trillion-parameter model to date, supporting 1 million tokens of context. Kimi K3.1 Pro showed particularly notable improvements in coding, 3D creation, financial research and other long-context agent capabilities. (ha/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-10-23 16:25.)