Media365
Chinese artificial intelligence company MiniMax Group has posted better-than-expected annual revenue growth on the back of surging international demand for its AI services in its first earnings since its blockbuster Hong Kong listing.
Revenue rose nearly 159 per cent year on year to US$79 million for the year ended December 2025, the Shanghai-based company said on Monday, beating an estimate of US$71.39 million polled by Bloomberg.
While gross profit increased 437 per cent to US$20.1 million, total losses also soared 302 per cent to US$1.87 billion on the back of mounting research and development spending.
MiniMax’s Hong Kong shares fell 1.44 per cent to close at HK$752.50 ahead of the earnings release.
Since its initial public offering in early January, MiniMax’s stock has more than quadrupled as global investors have sought to tap China’s burgeoning AI industry.
Before the earnings, major banks including JPMorgan Chase and UBS had recommended investors buy the stock due to the company’s accelerating monetisation of its foundation models, which were positioned as cheaper alternatives to premium AI tools from US giants such as Anthropic and Google.
