MiniMax, the Shanghai-based AI company, reported revenue of $116.6 million in the first half of 2026, a 283.1% increase from $30.4 million in the same period last year. The Open Platform and enterprise services segment saw a 703.1% surge to $73.9 million, accounting for 63.4% of total revenue. International markets contributed 60.8% of total revenue, with the company serving over 300 million individual users and more than one million businesses across more than 230 countries and regions. MiniMax narrowed its net loss by 11% to $358 million, and completed its IPO on the Hong Kong Stock Exchange in January 2026.
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