AI startup MiniMaX jumps after posting nearly four-fold jump in H1 revenue

MiniMax

27/08/2026 02:58

** Shares of MiniMax Group 0100.HK jump 7.3% to HK$325.2, on track for the biggest one-day pct gain since August 21
** Stock touches the highest point since August 24 in the second gaining session
** Second biggest pct gainer in Hang Seng TECH Index .HSTECH, which slips 0.1%
** On Wednesday, the Chinese AI startup posted a nearly four-fold jump in first-half revenue as demand for its low-cost models and AI platform accelerated, with the company continuing to target cheaper ways to deploy AI at scale
** Revenue for the six months ended June 30, rose 283.1% y/y to $116.6 million, while half-year loss attributable narrowed to $358 million from $402.2 million last year
** Since its debut on January 9, stock up 89.2% from the offer price of HK$165 per share 
** YTD, benchmark Hang Seng Index .HSI down 0.1%
        

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))