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中文
IDC ATLAS · ENTITY PROFILE

MiniMax

MiniMax models, Open Platform, Token Plan, global AI-native products and inference economics.

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Market
China
Category
Foundation models / AI-native products
Ticker
00100.HK
INTELLIGENCE RELATION

From disclosure to next test

  1. 01Latest formal updateAwaiting a matching disclosure
  2. 02EntityMiniMax · 00100.HK
  3. 03Industry nodeFoundation models / AI-native products →
  4. 04Research / next testMiniMax and Z.ai H1: Token Scale Is Becoming Revenue, but the Compute Bill Is Still Open →
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RELATED RESEARCH

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MiniMax and Z.ai H1: Token Scale Is Becoming Revenue, but the Compute Bill Is Still Open
MODEL ECONOMICS · 32

MiniMax and Z.ai H1: Token Scale Is Becoming Revenue, but the Compute Bill Is Still Open

Both companies shifted growth toward APIs and open platforms. Z.ai disclosed 100,000-plus domestic-chip inference and positive API margin; MiniMax showed global enterprise expansion. Adjusted losses and funding needs remain substantial.

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