China AI Firm MiniMax More Than Doubles Sales in Hot Market

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The AI Race:The MiniMax Group Inc. AI app arranged on a smartphone in Shanghai.MiniMax Group Inc. reported a better-than-expected 159% surge in revenue in 2025, reflecting the torrid growth that’s drawn investors to China’s leading OpenAI rivals.Revenue for the full year ended December climbed to $79 million, versus an average analyst estimate of $71.4 million. Net loss for the same period was $1.87 billion compared with the $465.2 million loss the year prior, though the majority of that stemmed from fair value losses on financial instruments. It was the first time MiniMax announced earnings results since it raised $600 million in its initial public offering in Hong Kong at the start of the year.