APAC Roundup: 18 March 2026
Zhipu, Minimax, Alibaba, GDS, Wasion, UMS Integration
Zhipu (2513.hk) +19.5%
Minimax (0100.hk) +19.8%
I’m sure both MiniMax and Zhipu caught some hype in China as a result of NVIDIA’s heavy emphasis on agentic AI at GTC 2026 — specifically Jensen describing OpenClaw as “the operating system for personal AI” and “definitely the next ChatGPT.”
He also stressed that “every company in the world today needs to have an OpenClaw strategy”.
Minimax also started trading as “MINIMAX-W” today, reflecting the fact that it meets HKEX’s revenue threshold to remove its “pre-commercialization” status. PR here.
Also seeing some Minimax benchmarks on X:
BABA: Raising prices for its AI computing and storage products by as much as 34% (BBG)
Also launches AI platform for enterprises as agent craze sweeps China (RT)
GDS (9698.HK) +16%; Wasion (3393.HK) +8.4%
GDS management’s overall narrative around demand for data centers and operational progress outweighing EPS miss.
Malaysia: Salaries for key technology roles now higher than in Japan (Nikkei)
China+1 and data centers really doing wonders for Malaysia.
We discussed Malaysia here:
Incidentally, hearing noise about helium supply in Malaysia too (RT)
Taiwan
A bit more noise on X about this idea but we are still the most bullish voice:
Prices of their product set to double in Q2.