{
  "id": 3496630,
  "title": "MiniMax revenue surges 283% but remains behind pace to meet forecast amid crowded AI race",
  "url": "https://urgent.news/2026/08/26/minimax-revenue-surges-283-but-remains-behind-pace-to-meet-forecast-3496630",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-26T10:52:43.000Z",
  "source": {
    "name": "SCMP Tech",
    "slug": "scmp-tech",
    "url": "https://www.scmp.com/tech/big-tech/article/3365341/minimax-revenue-surges-283-remains-behind-pace-meet-forecast-amid-crowded-ai-race"
  },
  "original_language": "en",
  "account": "Chinese AI company MiniMax reported a staggering 283% increase in first-half revenue to $116.6 million, driven by a remarkable 700% growth in its enterprise segment. However, revenue growth still lags behind analysts' expectations for the full year of $363.77 million. MiniMax's earnings release showed that the enterprise business now contributes 63.4% of total revenue, up from 30.3% a year earlier. Other AI-native products also doubled in revenue, while total loss narrowed by 11% to $358 million for the period. Adjusted net loss expanded by 111.2% to $293 million. Despite the revenue surge, MiniMax's shares were still down about 77% from their all-time high, and the company is trying to raise morale by forgoing salaries until it achieves artificial general intelligence.",
  "summary": "Chinese artificial intelligence firm MiniMax on Wednesday posted a 283 per cent surge in first-half revenue to US$116.6 million, powered by a 700 per cent jump in its enterprise business, though top-line growth remains off pace to hit full-year analyst forecasts. Revenue for the six months ended June 30 accounted for roughly 32 per cent of the US$363.77 million expected by analysts for the full…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Techmeme",
        "title": "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)",
        "url": "https://urgent.news/2026/08/26/shanghai-based-minimax-reports-h1-2026-revenue-up-283-yoy-to-116-6m",
        "published": "2026-08-26T10:50:15.000Z"
      },
      {
        "outlet": "South China Morning Post",
        "title": "MiniMax revenue surges 283% but remains behind pace to meet forecast amid crowded AI race",
        "url": "https://urgent.news/2026/08/26/minimax-revenue-surges-283-but-remains-behind-pace-to-meet-forecast",
        "published": "2026-08-26T10:52:43.000Z"
      },
      {
        "outlet": "Economic Times Tech",
        "title": "China's MiniMax sees revenue nearly quadruple in first half as AI demand surges",
        "url": "https://urgent.news/2026/08/26/chinas-minimax-sees-revenue-nearly-quadruple-in-first-half-as-ai",
        "published": "2026-08-26T11:20:57.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}