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'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.)