MiniMax Group Inc
- Exchange
- HK
- Country
- Hong Kong
- Employees
- 415
- Website
- www.minimaxi.com
Composite valuation range · conservative HK$30–HK$60 / fair HK$80–HK$180 / optimistic HK$350–HK$500. At HK$229.6, Between the fair and optimistic ranges.
At publication HK$794 (May 17, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
MiniMax Group Inc. engages in research and development of an artificial intelligence (AI) foundation model. The company's platform offers a wide range of modalities, including language, video, speech, and music. It also provides AI-based enterprise services; AI-native products, including enterprise-facing open platform; and consumer products, such as MiniMax Agent, Hailuo AI, Talkie and Xingye. The company was founded in 2022 and is headquartered in Shanghai, the People's Republic of China.
History
MiniMax Group Inc. was founded in 2022 and is headquartered in Shanghai, China. It develops artificial intelligence foundation models spanning multiple modalities, including language, video, speech, and music. Its products include the consumer-facing MiniMax Agent, Hailuo AI, Talkie, and Xingye, alongside an enterprise-facing Open Platform and AI-based enterprise services. Revenue grew from US$3.46 million in 2023 to US$30.52 million in 2024 and US$79.04 million in 2025, and the company listed in January 2026.
Industry position
MiniMax is a multimodal foundation-model company operating in the AI large-model and applications sector, with peers such as Baidu, SenseTime, and Fourth Paradigm noted as not-fully-comparable references. In 2025, 67.2% of revenue came from AI-native products and 32.8% from its Open Platform and enterprise services, and roughly 73% of revenue came from outside mainland China. It had served over 236 million cumulative users across more than 200 countries and regions, and 214,000 enterprise customers and developers from over 100 countries and regions. Reported gross margin rose from 12.2% in 2024 to 25.4% in 2025.
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