China's MiniMax sees revenue nearly quadruple in first half as AI demand surges

Economic Times TechAugust 26, 2026en

Revenue for the six months ended ‌June 30 ⁠rose ⁠283.1% from a year earlier to $116.6 million, reflecting surging demand for cheaper, ​open-source-based models from Chinese providers. MiniMax said it will keep pushing to extend the "performance-cost frontier," first ​getting performance to a level that ⁠can handle ‌complex real-world tasks and then improving efficiency ​to ​allow capabilities to be rolled out more widely and ⁠affordably.

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