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

MiniMax Group Inc.'s revenue surged 283% in the first half of 2026, even as the Chinese AI upstart trailed rivals such as Z.AI Co. in releasing top-tier large language models.