Wednesday, 26 August 2026 · World
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Nº 46 Wednesday, 26 August 2026 · World Edition
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MiniMax revenue surges 283% but remains behind pace to meet forecast amid crowded AI race

Business - South China Morning Post · 1h ago · 🇨🇳 China
MiniMax revenue surges 283% but remains behind pace to meet forecast amid crowded AI race

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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