MiniMax is the second of China's so-called 'AI tigers' to go public, the first being Zhipu AI which made its market debut on Thursday, and also saw solid gains on Friday

The strict payment requirements underscore the delicate balancing act Nvidia faces as it attempts to capitalise on surging Chinese demand while navigating regulatory uncertainty with both Beijing and Washington

The review process, once complete could result in the first shipments to China of Nvidia's second-most powerful AI chips

Beijing’s push for artificial intelligence self-reliance could be hyping up stocks of Chinese chipmakers despite their lags in technology

The Chinese plan comes despite Trump saying he gave a green light for H200 sales after informing President Xi Jinping, who had 'responded positively'

The bill comes on the heels of a meeting between Nvidia chief Jensen Huang and Trump, where the two discussed China exports

Over the past three years, Beijing has invested billions in a nationwide project to build computing data centres and it is now working on efficiently linking them together

Beijing regulators are asking firms like Alibaba, ByteDance and Tencent to justify their large orders for Nvidia chips, and even putting pressure on them to halt their purchases altogether

Chinese developers of large language models and artificial intelligence chip manufacturers including US-sanctioned Huawei, Biren, and Moore Threads will join hands to build an AI 'ecosystem'

China says the move would 'sell out the island's interests' and that it was aimed at 'currying favour' with the Donald Trump administration in the US

Beijing says it will invoke its anti-sanctions law against any individual or organisation that adheres to a recent US warning about Huawei's Ascend chips

Huawei, which slumped for several years after being hit with US sanctions, has managed to regain its dominant position in the Chinese smartphone market