MiniMax's market capitalization surpasses Baidu's; its founder was once a Baidu intern.

CoinFeed reported on March 11 that MiniMax, an AI large-scale model company, saw its stock price rise by over 22% on March 10, reaching a total market capitalization of HK$382.64 billion, surpassing Baidu (HK$332.22 billion). According to Zaker, MiniMax founder and CEO Yan Junjie previously interned at Baidu and received the second Baidu Scholarship.