Shanghai-based MiniMax reports H1 2026 revenue up 283% YoY to ~$116.6M, above 2025's 159% YoY growth, as its M3 model lags behind rivals like Z.ai's GLM-5.2 (Bloomberg)
MiniMax’s sales story is stronger than its model story.
Revenue rose 283% year over year in H1 2026 to about $116.6 million. That outpaced its 159% growth rate in 2025. The note frames the jump against a weaker technical position: MiniMax’s M3 is described as lagging rivals, including Z.ai’s GLM-5.2. Techmeme's note
Revenue rose 283% year over year in H1 2026 to about $116.6 million. That outpaced its 159% growth rate in 2025. The note frames the jump against a weaker technical position: MiniMax’s M3 is described as lagging rivals, including Z.ai’s GLM-5.2. Techmeme's note
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