Yunqi Capital Portfolio Company MiniMax Founder and CEO Junjie Yan Participates in Premier Li Qiang's Symposium
Growing Steadfast Through the Waves
According to a Xinwen Lianbo report, on the afternoon of January 19, 2026, Li Qiang, Member of the Politburo Standing Committee and Premier of the State Council, chaired a symposium with experts, entrepreneurs, and representatives from education, science, culture, health, and sports. Junjie Yan, founder and CEO of MiniMax (00100.HK) — an AI large-model company listed on the Hong Kong Stock Exchange and a first-round portfolio company of Yunqi Capital — attended and spoke. According to Chang'an Avenue News, Yan is the second AI large-model entrepreneur to attend such a meeting, following Wenfeng Liang of DeepSeek.
MiniMax is a global leader in general artificial intelligence. Since its founding in 2022, the company has consistently developed proprietary capabilities across text, video, and voice modalities, making it one of only four companies worldwide to rank in the top tier across all modalities.
Junjie Yan at the symposium. Source: Xinwen Lianbo
As the only early-stage focused investor in MiniMax's Series A round, Yunqi Capital has watched over the past four years as the company grew from an exceptionally forward-looking vision into an industry leader at the forefront of the AI wave.
On January 9, 2026, MiniMax successfully listed on the Hong Kong Stock Exchange, becoming the fastest AI company to go from founding to IPO. Its cornerstone investor lineup included prominent global institutions such as the Abu Dhabi Investment Authority, Alisoft China, and Aspex Master Fund, while institutional oversubscription exceeded 70x — a strong testament to global investor confidence in both the AI sector and MiniMax's growth potential.
On its listing day, MiniMax's stock surged 109.09%, giving it a market cap exceeding 100 billion RMB. As of the January 20 close, the stock traded at HK$390 per share, up more than 136% from its IPO price.
MiniMax has now released multiple proprietary full-modality models including MiniMax M2, Hailuo 2.3, Speech 2.6, and Music 2.0. Building on these, it has assembled a product matrix spanning both consumer and enterprise applications — including AI-native products such as Hailuo AI, STARFIELD, and Talkie, alongside an open platform for enterprises and developers. To date, the company has served over 212 million users across more than 200 countries and regions, plus enterprise clients in over 100 countries and regions, with more than 70% of revenue coming from overseas markets.
Behind these impressive numbers is a young, dynamic team. According to Chang'an Avenue News, MiniMax currently employs 385 people with an average age of 29 — nearly all of them born after 1995. R&D staff account for 73.8% of the team, and roughly one-third have overseas study or research experience. The company has already achieved AI-powered collaboration across its entire workforce, with AI tools deployed in more than ten core work scenarios.
Technology marches forward. We look forward to seeing MiniMax spark even more innovation in the AI wave.
