{"id":499936,"date":"2026-03-02T21:27:27","date_gmt":"2026-03-02T21:27:27","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/499936\/"},"modified":"2026-03-02T21:27:27","modified_gmt":"2026-03-02T21:27:27","slug":"chinas-minimax-reports-strong-revenue-growth-charts-broader-ai-ambitions","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/499936\/","title":{"rendered":"China&#8217;s Minimax reports strong revenue growth, charts broader AI ambitions"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">BEIJING, March 2 (Reuters) &#8211; Chinese <a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> startup MiniMax aims to become a global AI platform company, it said on Monday, \u200csetting out plans for faster expansion and a broader product \u200clineup after posting strong 2025 revenue growth.<\/p>\n<p class=\"yf-1fy9kyt\">The company reported a 159% year-on-year jump in revenue \u200bto $79 million, with more than 70% of sales outside China.<\/p>\n<p class=\"yf-1fy9kyt\">Revenue from products built directly around AI, primarily consumer subscriptions, surged 143.4%, while its open platform and enterprise services segment saw similar growth.<\/p>\n<p class=\"yf-1fy9kyt\">The announcement was MiniMax&#8217;s first earnings \u200cupdate since raising HK$4.8 billion ($614 \u2060million) in its Hong Kong initial public offering in January.<\/p>\n<p class=\"yf-1fy9kyt\">The performance highlights rising demand for cheaper, open-source-based models from \u2060Chinese providers such as MiniMax and DeepSeek, which position themselves as lower-cost alternatives to proprietary U.S. systems.<\/p>\n<p class=\"yf-1fy9kyt\">DeepSeek focuses on text-based reasoning models and developer tools, \u200bwhile MiniMax \u200bemphasises multimodal capabilities spanning text, video \u200band audio.<\/p>\n<p class=\"yf-1fy9kyt\">On a post-earnings call, \u200cCEO Yan Junjie said MiniMax aims to compete as both a model maker and product platform, while keeping its open-source approach to attract outside developers.<\/p>\n<p class=\"yf-1fy9kyt\">The company plans to release its latest M3 model in the first half of this year.<\/p>\n<p class=\"yf-1fy9kyt\">However, MiniMax remains far smaller than U.S. competitors. <a href=\"https:\/\/www.yahoo.com\/organizations\/openai\/\" data-ylk=\"slk:OpenAI;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">OpenAI<\/a> \u200csaid its annualized revenue topped $20 billion in \u200b2025.<\/p>\n<p class=\"yf-1fy9kyt\">MiniMax is also still loss-making, posting a \u200bnet loss of $1.87 billion \u200bin 2025 compared with a $465.2 million loss a year earlier. \u200cMost of the 2025 loss \u200bcame from changes in \u200bthe value of financial instruments it holds.<\/p>\n<p class=\"yf-1fy9kyt\">&#8220;We believe AI is not currently a zero-sum market, but rather one where annual incremental growth \u200bfar exceeds the \u200cexisting base,&#8221; Yan said, highlighting opportunities in coding, office productivity and \u200bvideo generation.<\/p>\n<p class=\"yf-1fy9kyt\">($1 = 7.8216 Hong Kong dollars)<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting by Liam Mo and \u200bBrenda Goh. Editing by Mark Potter)<\/p>\n","protected":false},"excerpt":{"rendered":"BEIJING, March 2 (Reuters) &#8211; Chinese artificial intelligence startup MiniMax aims to become a global AI platform company,&hellip;\n","protected":false},"author":2,"featured_media":499937,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[182,181,507,18734,228118,2214,74],"class_list":["post-499936","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-minimax","tag-product-lineup","tag-revenue-growth","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/499936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=499936"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/499936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/499937"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=499936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=499936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=499936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}