MINIMAX GROUP INC.

MiniMax shares climbed 5.1% to HK$373 after HUMAIN, an AI company backed by Saudi Arabia’s sovereign wealth fund, unveiled the Arabic-language model humain-m3, which is based on MiniMax’s open-source M3 platform and was trained on more than one trillion Arabic tokens. Presented at the LEAP conference, the model achieved the highest average score across seven public Arabic benchmarks, reinforcing the technical credibility of the MiniMax architecture. The partnership signals that state-backed actors are using MiniMax open-weight models, broadening its market and international presence. Strong business figures add to the momentum: H1-2026 revenue of about USD 117 million (+283% y/y), token consumption in July 25 times higher than in January, and annualized recurring revenue above USD 800 million in August; the stock traded intraday as high as HK$395. » More on de.investing.com

Saudi AI company Humain unveiled the Arabic-language model 'humain-m3' at the LEAP conference in Riyadh, built on MiniMax’s open-source M3 framework. The mixture-of-experts model has 428 billion parameters and was pretrained on more than one trillion Arabic tokens. In tests across seven public Arabic benchmarks, 'humain-m3' achieved the highest average score among the top models evaluated. Humain is offering the model via the HUMAIN Node platform for research and evaluation and plans to release it as an open-weight model after the testing phase. » More on de.investing.com

MiniMax reported H1 2026 revenue of about $117 million, up 283.1% year‑on‑year, substantially exceeding expectations. The B2B segment grew 703.1% to $73.9 million and accounted for 63.4% of total revenue. Gross profit increased 464.8% and annualized recurring revenue (ARR) surpassed $800 million in August. Citi raised its price target to HK$576; management cited the launches of the M3.1 and M3 Pro models as expected margin drivers. The stock climbed intraday 3.6% to HK$314. » More on de.investing.com