Moonshot’s Kimi K3 narrows AI gap with US rivals, hits Chinese tech stocks
Why it matters: The open-weight model was priced near Anthropic Sonnet levels, while rival Z.AI shares fell 30% in the market fallout.
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#Minimax Group
HK$255 billion in Hong Kong lockups set to expire in July
Why it matters: The shares turning tradable could add selling pressure to a Hang Seng market already down 3% this year.