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27.08.26 - 12:06
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MiniMax revenue surges 283% as enterprise adoption increases (Digitimes)
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Chinese AI startup MiniMax Group reported a 283.1% increase in revenue, rising from US$30.4 million for the six months ended June 30, 2025, to US$116.6 million for the six months ended June 30, 2026. This growth was primarily driven by the continued expansion of its global user base, surging demand for model inference, and the company's ability to translate model advancements into commercial products and services for global enterprises, developers, and individual users....
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26.08.26 - 12:54
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MiniMax revenue surges 283% but remains behind pace to meet forecast amid crowded AI race (SCMP)
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Chinese artificial intelligence firm MiniMax on Wednesday posted a 283 per cent surge in first-half revenue to US$116.6 million, powered by a 700 per cent jump in its enterprise business, though top-line growth remains off pace to hit full-year analyst forecasts.
Revenue for the six months ended June 30 accounted for roughly 32 per cent of the US$363.77 million expected by analysts for the full year 2026, according to estimates compiled by Bloomberg. The company reported full-year revenue of......
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05.08.26 - 12:36
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China′s AI revenue projected to reach US$13b on breakthroughs, adoption: Goldman Sachs (SCMP)
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Rising cost efficiency and rapidly advancing capabilities from players like DeepSeek and MiniMax have prompted Goldman Sachs to raise its run-rate revenue forecast for China's artificial intelligence model market by 30 per cent to US$13 billion.
In a research note published on Monday, the US investment bank boosted its year-end annualised recurring revenue (ARR) projection for mainland Chinese AI models from US$10 billion, citing aggressive price cuts, technical breakthroughs and accelerating......
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13.07.26 - 11:30
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China′s Zhipu AI, developer of GLM-5.2, defies slump as it pursues AGI over quick profits (SCMP)
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Chinese artificial intelligence giant Zhipu AI bucked a broad plunge of AI-related stocks across Hong Kong and the Chinese mainland on Monday, which saw arch-rival MiniMax slumping almost 20 per cent.
Zhipu, trading as Knowledge Atlas Technology in Hong Kong, closed almost flat at HK$1,645 on Monday after its shares gained more than 1 per cent by midday. The company, whose stock has skyrocketed 12-fold since its January debut, over the weekend pledged to prioritise advancing towards artificial......
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02.04.26 - 04:06
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What Zhipu and MiniMax′s first post-IPO earnings say about the 2 Chinese AI start-ups (SCMP)
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Chinese artificial intelligence start-ups Zhipu AI and MiniMax have shown early signs of sustainable commercialisation of their AI models, analysts said, as investors continue to pump up their Hong Kong stocks despite widening losses.
That assessment comes as the companies reported their first earnings since their respective initial public offerings in early January, providing a glimpse into the business models of an industry still in its infancy globally.
The South China Morning Post takes a......
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02.03.26 - 11:42
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Chinese AI firm MiniMax′s revenue jumps 159% to US$79 million on strong demand (SCMP)
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Chinese artificial intelligence company MiniMax Group has posted better-than-expected annual revenue growth on the back of surging international demand for its AI services in its first earnings since its blockbuster Hong Kong listing.
Revenue rose nearly 159 per cent year on year to US$79 million for the year ended December 2025, the Shanghai-based company said on Monday, beating an estimate of US$71.39 million polled by Bloomberg.
While gross profit increased 437 per cent to US$20.1 million,......
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