MiniMax Group is trading at HK$162.20 (-5.64%) amid Chinese AI-sector pressure; the cause of this specific decline is unconfirmed. - Reports said Chinese regulators opened data-security probes into DeepSeek and Moonshot, as other Chinese AI developers also fell. - The market report gives intraday declines; supplied price context shows MiniMax Group’s live move but does not confirm its cause. - The Hang Seng Tech Index was up 0.3% by midday, so broad market weakness does not explain the drop.