Hong Kong-Listed MiniMax-W Falls Over 14%, Zhipu Drops Over 6% on DeepSeek Model Launch

Gate News message, April 27 — Hong Kong-listed MiniMax-W fell over 14% intraday, while Zhipu dropped over 6% during the same session.

The decline followed DeepSeek's release of a new model on Friday and its announcement of limited-time promotional offers on Saturday.

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