🔴 MiniMax Group is trading 5.82% down today as DeepSeek price cuts raise competition concerns

MiniMax Group is trading at HK$275.00, down 5.82%, amid concerns DeepSeek price cuts could intensify China’s AI-model competition.

• Bloomberg reported MiniMax Group and Z.AI shares fell in Hong Kong over pricing concerns.
• Recent weakness accompanied sector-wide declines; planned shareholder votes on additional share-issuance authorization remain a valuation overhang.
• No new earnings miss, major contract loss, or clear company-specific announcement was identified for September 11, 2026; the move appears sector-driven, with dilution concerns adding pressure.