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MiniMax

MiniMax
The latest news and top stories on MiniMax. A China-based entity in the artificial intelligence sector, MiniMax specialises in developing multimodal AI models, including large language models, text-to-speech and video generation. It primarily serves users, developers and businesses and is known for its open-sourcing efforts and focus on computational efficiency.
The logo of Moonshot AI is displayed alongside its Kimi app on a mobile phone, in this illustration picture taken July 24, 2026. Photo: Reuters
Artificial intelligence

Moonshot’s Kimi K3 lands on Amazon in key test for Chinese open-source AI income

Open-weight models allow users around the world to use, copy, modify and distribute the software without paying the model developer.

Artificial intelligence

China’s top AI models generate just 10% of OpenAI, Anthropic revenue: report

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Artificial intelligence

Chinese state media rejects US AI-distillation claims, warns of countermeasures

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Artificial intelligence

DeepSeek AI engineer slams Anthropic, OpenAI over ‘pacing’ calls, invokes Hitler

Heated rhetoric highlights tensions over how quickly artificial intelligence should advance and who should shape its future amid mounting safety concerns.

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Icons for some AI-based apps are seen on a smartphone. Photo: AFP
Artificial intelligence

Chinese researchers chart 5-stage path toward ‘last AI built by humans’

Automating AI research has emerged as a battleground, though US firms have an early lead due to superior access to compute resources.

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Artificial intelligence

A ploy to entrench US lead? China pushes back on calls for slowdown in AI

Chinese researchers say a slowdown would protect established US incumbents while freezing latecomers out of the market.

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Brics

Xi touts Brics cooperation on AI as US titans flag tech risks

China’s President Xi Jinping promoted an AI ‘community’ at a Brics summit, while US industry leaders backed the idea of slowing the technology’s development.

Photo: AFP
Artificial intelligence

Z.ai’s fresh US$5b fundraising push comes hot on the heels of July capital raise

The Chinese AI developer is courting more backers as it scales its models and infrastructure amid intensifying competition.

Artificial intelligence

The US and China are racing to build ‘self-improving AI’. Here’s what’s at stake

Both sides view ‘recursive self-improvement’ as a game-changer in the AI race. But who will get there first – and will it endanger us all?

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Artificial intelligence

Nvidia says AGI is here. How are China’s top AI labs catching up?

A primer on what AGI means, where top Chinese AI developers stand, and how Chinese policymakers view the technology.

The Moonshot Kimi and DeepSeek logos are seen in this illustration taken September 5, 2026. Photo: Reuters
US-China trade war

Anthropic claims Moonshot, DeepSeek secretly diverted user requests to Claude

AI giants accused of cloning American models by funnelling real Chinese user queries to them via network of intermediate platforms.

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The Anthropic report accuses Kimi model developer Moonshot of secretly showing users Claude model outputs and passing them off as Kimi’s, then using those exchanges to improve its own models. Illustration: Reuters
Artificial intelligence

Chinese AI firm DeepSeek taps underwriters for IPO: sources

Start-up aims to begin the IPO process this year to list on Shanghai’s Nasdaq-like Star market, sources say.

Artificial intelligence

US firm shows how AI helped hijack WeChat account with just 1 unanswered call

The flaw allowed for remote account takeovers without user interaction, prompting Tencent to patch the problem after Calif cybersecurity team flagged it.

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Z.ai

Are Chinese AI stars Z.ai and MiniMax stuck in losses through 2030?

As both firms mature beyond early growth, an analyst says the industry is looking for a better metric for valuations.

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The Zhipu AI logo, for the firm also known as Z.ai, is seen on a smartphone. Photo: Shutterstock
Artificial intelligence

Chinese shoppers can now buy AI subscriptions from DeepSeek and Z.ai on Tmall

By packaging tokens and coding plans like everyday retail goods, AI labs are opening a new front in their push for sustainable revenue.

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Tmall is expanding into AI subscriptions as developers seek new ways to reach and retain paying users. Photo: Shutterstock
Artificial intelligence

How generative AI helps SenseTime turn a profit even as Chinese peers struggle

The AI firm has managed to become profitable by carving out a niche involving one-person firms and productivity tools, company executives say.

Banking & finance

Hong Kong has yuan to spare. Can it create more global demand?

Regulators want banks to channel more offshore yuan into global markets, as the city pushes to deepen the currency’s role in international finance.

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Artificial intelligence

Do Z.ai and MiniMax face different financial fates months after Hong Kong IPOs?

Post-earnings results suggest an emerging divide as differing revenue growth and model capabilities may shape their market standing, analysts say.

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The logo of Chinese AI company Z.ai at its headquarters in Beijing on June 25. Photo: Reuters
Hong Kong stock market

Mainland Chinese investors buy Hong Kong AI stocks, sell financials

Net buying surges for third straight month as AI pivot benefits MiniMax, Alibaba and Tencent, while investors eschew traditional industries.

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Z.ai

Chinese AI firm Z.ai posts 400% revenue jump as total losses narrow

First-half revenue from cloud-based deployment services soared over 2,700 per cent year on year.

Artificial intelligence

How China is building an edge over the US in video AI

Models from Alibaba, MiniMax and ByteDance currently dominate benchmark rankings on industry evaluation platform Artificial Analysis.

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This photograph taken on February 18, 2026, shows a smartphone screen displaying the logo of Seedance 2.0. Photo: AFP via Getty Images/TNS
Artificial intelligence

MiniMax boosts Alibaba cloud budget 220% to fuel next-gen AI models

Chinese AI firm burns through two-thirds of its cloud budget by June, forcing a dramatic increase in its Alibaba deal ceiling.

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MiniMax has raised its three-year purchase ceiling on its cloud computing deals with Alibaba to US$1.2 billion. Photo: Getty Images
Artificial intelligence

MiniMax revenue more than triples but remains behind pace to meet forecast

Despite soaring revenue and enterprise growth, MiniMax’s results underscore the fierce competition with US and Chinese AI labs.

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Artificial intelligence

China’s internet army is quietly embedding AI into everyday lives

From RedNote to Meituan, digital platforms are bypassing third-party providers to build in-house AI models.

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US-China tech war

As talent tug of war rages, who are China’s most generous tech employers?

Companies are rolling out an unprecedented wave of stock grants amid fierce domestic headhunting and an intensifying US-China tech race.

Tech companies are caitalising on a bull market to roll out aggressive incentive plans to retain talent. Photo: Shutterstock
Hong Kong stock market

Hang Seng Index adds major Chinese chipmaker as tech pivot continues

Hong Kong’s bellwether stock index has added two new companies including contract chipmaker Hua Hong Grace Semiconductor.

Hong Kong Exchanges and Clearing in Central. Photo: Nora Tam
Artificial intelligence

Back in the Harness: DeepSeek continues its pivot towards agentic AI

With the launch of Harness, China’s DeepSeek continues to build the foundational digital scaffolding for autonomous AI agents.

Hong Kong stock market

Hong Kong seeks tech exposure amid Beijing’s rising AI dominance

The city is looking to expand stock benchmarks in an effort to challenge Nasdaq’s tech dominance.

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