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)

<a href="https://www.bloomberg.com/news/articles/2026-08-26/minimax-sales-nearly-quadruple-in-crowded-race-for-chinaai-lead"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260826/i20.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260826/p20#a260826p20" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="https://www.bloomberg.com/">Bloomberg</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.bloomberg.com/news/articles/2026-08-26/minimax-sales-nearly-quadruple-in-crowded-race-for-chinaai-lead">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</a></b></span>&nbsp; &mdash;&nbsp; MiniMax Group Inc.'s revenue surged 283% in the first half of 2026, even as the Chinese AI upstart trailed rivals such as Z.AI Co. in releasing top-tier large language models.</p>