MiniMax
Model ProviderTier 1Pure AIChinese AI company building multimodal foundation models. IPO'd on HKEX in Jan 2026.
CNShanghai, ChinaFounded 2021HKEX: 9901
Valuation
$4.0B
Total Raised
$1.1B
Revenue (ARR)
$79M
P/S Ratio
50.6x
Employees
428
Key products
Hailuo AITalkieMiniMax API
Models (4)
MiniMax-01abab6.5Music modelVideo model
Latest funding round
IPO (HKEX)2026-01-09
$619M
Revenue notes
FY2025 revenue $79M, up 158.9% YoY. Gross profit up 437.2%.
Key investors (6)
TencentAlibabaMiHoYoHillhouse InvestmentHongShanIDG Capital
Data and sources
Latest figure as of Apr 12, 2026| Figure | Value | As of | Source |
|---|---|---|---|
| Total funding raised | $1.1B | Apr 12, 2026 | source pending |
| Valuation | $4.0B | Jan 1, 2026 | source pending |
| Employees | 428 | Dec 31, 2025 | source pending |
| Annualized revenue (ARR) | $79M | Jan 1, 2025 | source pending |