---
format: "aidr-story-markdown/v1"
id: "3efc6250361461f86712e5ce9ee36812f51fe489b1dec615d35a02ee44b8c1ed"
canonical_url: "https://aidr.today/3efc6250?lang=en"
title: "MiniMax and Zhipu Erase Combined $150B in Market Value"
lang: "en"
requested_lang: "en"
available_langs: ["en","vi"]
translation_fallback: null
fallback_fields: []
published_at: "2026-10-23T12:24:33.000Z"
category: "Industry"
topics: ["funding"]
source_urls: ["https://marketbrief.now/ai/minimax-and-zhipu-erase-combined-150b-in-market-value-71fd37bb","https://x.com/GlobalMktObserv/status/2113573338371027346","https://x.com/choblin29/status/2113602158893449303","https://huggingnews.com/ai/minimax-and-zhipu-erase-combined-150b-in-market-value-71fd37bb"]
summary: "Shares of Chinese AI developers MiniMax and Zhipu have fallen more than 80% from their all-time highs, erasing a combined $150 billion in market value since their January debuts amid a token price war and ahead of potential IPOs and share trading eligibility in January."
---

# MiniMax and Zhipu Erase Combined $150B in Market Value

> [Open the canonical story](<https://aidr.today/3efc6250?lang=en>)

**Published:** 2026-10-23T12:24:33.000Z
**Category:** Industry
**Topics:** funding

## Summary

Shares of Chinese AI developers MiniMax and Zhipu have fallen more than 80% from their all\-time highs, erasing a combined $150 billion in market value since their January debuts amid a token price war and ahead of potential IPOs and share trading eligibility in January\.

## Sources

- [Story source](<https://marketbrief.now/ai/minimax-and-zhipu-erase-combined-150b-in-market-value-71fd37bb>)
- [Story source](<https://x.com/GlobalMktObserv/status/2113573338371027346>)
- [Supporting source](<https://x.com/choblin29/status/2113602158893449303>)
- [Story source](<https://huggingnews.com/ai/minimax-and-zhipu-erase-combined-150b-in-market-value-71fd37bb>)