China’s AI company MiniMax reports first-half 2026 revenue rising 283% to US$116.6 million, driven by strong demand for enterprise and open-platform AI services. The surge reflects rapid growth across multiple parts of its business, including a steep rise in enterprise revenue.
Multiple outlets link the results to a crowded race for AI leadership in China, where companies compete to launch large language models and capture enterprise customers. Bloomberg and the South China Morning Post note that MiniMax’s growth is strong but that it still trails some rivals, particularly in the pace of releasing top-tier large language models. The South China Morning Post also says the company’s first-half revenue is below the pace needed to meet full-year analyst forecasts. TechNode adds more detail, reporting that revenue from MiniMax’s open platform and enterprise AI rises 703.1% year on year to US$73.9 million and becomes the majority of total revenue.
Overall, the outlets agree MiniMax’s first-half results show outsized growth, while differences focus on how close MiniMax is to meeting full-year expectations and how its model-release pace compares with competitors.
