AI
MiniMax reports 283.1% first-half revenue growth
MiniMax reported first-half revenue of US$116.6 million, up 283.1% year on year. Enterprise and open-platform revenue rose 703.1% to US$73.9 million and represented 63.4% of total revenue; the company remained loss-making.
Why it matters: The result is a measurable sign of commercial demand for lower-cost Chinese models and APIs, not merely download or benchmark attention.
Business/technical/strategic impact: The figures are company-reported financial results carried by a report. Investors should compare cash burn, gross margin, customer concentration and inference subsidy with audited filings before extrapolating growth.
