MiniMax (0100.HK) is a publicly traded China AI Labs company founded in 2022 and based in Shanghai, China.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Jan 9, 2026 | IPO | $620M | — | — |

Fal post-trains MiniMax's H3 model to produce real-time infinite AI video streams, achieving 35x speed over the official endpoint.
MiniMax reports H1 revenue up 283% year-over-year with improving gross margins.

MiniMax revenue jumps 280%, driven by growth in business customer adoption.

MiniMax reports ARR up 500% and token volume up 2,000%, partly driven by AI agent usage.

MiniMax begins generating revenue through external partner collaborations.
MiniMax's series of large language models that underpin its API and consumer products. The models are used across the company's chat, agent and developer offerings.
MiniMax's generative video and audio product line, including text-to-video and voice generation. Hailuo is one of the company's best-known consumer-facing products internationally.
MiniMax's AI companion and character-chat apps, which let users converse with customizable AI personas powered by the company's models.
43 patents on file, but none with both an extractable figure and an abstract on Google Patents yet.
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