MINIMAX GROUP INC.

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. » Plus sur de.investing.com

MiniMax rose 19.2% to HK$302.6 on August 6 after the stock was officially included in the Hong Kong Stock Connect program, allowing mainland investors to buy it directly via the southbound link. Exchanges in Shanghai and Shenzhen confirmed the listing adjustments, and local media estimate initial allocations of at least HK$1 billion on the first trading day. Additional momentum came from the new open-source model H3, which gained more than 100 domestic and international partners within 24 hours; the stock thus outperformed the Hang Seng, which was nearly 2% weaker. » Plus sur de.investing.com

MiniMax stock climbed 12.8% to HK$259.6 after the open‑source AI model H3 quickly gained market acceptance. More than 100 domestic and international partners completed a day‑0 integration within 24 hours, and nine chipmakers including Huawei Ascend, Moore Threads, AMD and Intel have finished hardware adaptations. Bernstein SocGen put MiniMax on watch with a “Market Perform” rating and a HK$275 price target, while competitor Z.ai was rated “Outperform”; Bernstein estimates the annual revenue potential of the Chinese AI market at USD 100–200 billion. » Plus sur de.investing.com