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)

Shanghai-based MiniMax reported first-half 2026 revenue of approximately $116.6 million, a 283% year-over-year increase that surpasses its 159% growth in 2025. The company’s M3 language-model remains behind competitors such as Z.ai’s GLM-5.2 in performance metrics. These figures illustrate MiniMax’s rapid revenue expansion amid a competitive generative-AI market.