After the Lunar New Year, investors rushed into new AI startups like Zhipu and MiniMax Group, sending shares soaring as they ditched traditional internet giants. Zhipu’s stock rose 43% and MiniMax closed 15% higher – more than four times their initial value since listing in January.
Source: https://www.bloomberg.com/news/articles/2026-02-20/china-ai-startups-surge-after-holiday-in-rotation-from-big-tech