Minimax has surpassed JD in market capitalization and is about to catch up with Meituan. It truly serves as a huge stimulant for the younger generation. It feels like you can immediately punch old Deng once you use it. But looking at the circulation ratios of Zhipu and MiniMax, let's reflect on last year's altcoins that had a market cap of 10 billion USD right after launch. And think back to when Stepn surpassed Adidas, which had been around for 200 years, in market cap just 7 months after its establishment. Two years later, everyone starts to reminisce about this great retreat of AI with abundant liquidity.