[Alibaba and Abu Dhabi to Co-Invest in MiniMax's $600 Million Hong Kong IPO] BlockBeats News, December 30: According to Bloomberg, Chinese artificial intelligence startup MiniMax has secured Alibaba Group Holding Limited and the Abu Dhabi Investment Authority (ADIA) as key backers for its Hong Kong IPO. Sources familiar with the matter revealed that MiniMax plans to raise over $600 million through this IPO, with investor subscription expected to begin as early as Wednesday, and the listing scheduled for January.