Adam Piss
340 posts
Even characters with the exact same height don't share the same walking speed in ZZZ #ZenlessZoneZero #zzzero #ゼンゼロ
miHoYo Earns a 7.5 Billion HKD Return! Dawei: I Invested on a Whim On July 9, AI foundation model company MiniMax will see its first batch of lock-up shares become eligible for trading following its IPO. Ahead of the lock-up expiration, MiniMax's two most important strategic shareholders—Alibaba and miHoYo—publicly stated for the first time that they remain optimistic about the company's long-term prospects and will continue supporting its growth. miHoYo said that artificial general intelligence (AGI) will be the most significant technological transformation of the next decade, reshaping not only content creation but also the broader industrial landscape. As a strategic investor, the company said it will continue deepening its collaboration with MiniMax across both foundational technologies and the broader AI ecosystem. For MiniMax, which is approaching its first lock-up expiration, these statements from its strategic investors further reinforce confidence in the company's long-term development. The story dates back to late 2021, when former vice president of SenseTime, Yan Junjie (闫俊杰), left the company to found MiniMax. Around the same time, miHoYo joined Hillhouse Capital, IDG Capital, Yunqi Partners, and other investors in MiniMax's angel funding round. At the time, the company was valued at only around 200 million USD after the investment. miHoYo continued to increase its investment in subsequent funding rounds, with its stake at one point reaching 7.34%. Compared with other financial investors, miHoYo's relationship with MiniMax became much deeper. In 2023, miHoYo co-founder Liu Wei joined MiniMax as a non-executive director. That same year, miHoYo began integrating MiniMax's large language models into the development of games such as Honkai: Star Rail, using the technology for NPC dialogue, character behavior control, story generation, 3D modeling optimization, and other development tasks. This dual role as both investor and customer made miHoYo one of only two investors designated in MiniMax's IPO prospectus as a "Leading Veteran Independent Investor," alongside IDG Capital. In January this year, MiniMax was listed on the Hong Kong Stock Exchange with an IPO price of 165 HKD per share, setting a fundraising record for the AI foundation model industry. On its first day of trading, the stock surged by more than 111%. Investor enthusiasm for AI stocks continued over the next two months. By March 18, MiniMax's share price had reached a high of 1,238 HKD, roughly 7.5 times its IPO price, giving the company a market capitalization approaching 390 billion HKD. However, AI-related stocks later entered a correction. During the first two weeks of June, MiniMax's shares fell 34.17% and 28.39%, respectively, for a cumulative decline of about 53%, as investors began reassessing valuations across the AI sector. miHoYo currently still owns approximately 5.24% of MiniMax. Based on the company's current market capitalization, the stake has a paper value of nearly 7.5 billion HKD, representing a return of more than 50 times its original angel investment. Commenting on the investment, miHoYo co-founder Liu Wei, better known as "Dawei," once joked that he made several investments when he was younger. "I just invested on a whim. It was purely out of passion. I didn't really pay much attention to them afterward." His self-deprecating remark led many to jokingly describe miHoYo as "the most laid-back venture capitalist in the gaming industry." ---- Original post by GameQuest on Xiaohongshu: rednote.com/explore/6a41e5…
looked at my friend's discord activity and i have never seen worse lineup of games before
This gives me that one wuwa CC who nuked his whole X account after he post this.
