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Shanghai-based MiniMax reports 2025 revenue up 159% YoY to $79M, above $71.4M est., and a $1.87B net loss, up from a $465.2M net loss in 2024, after its IPO (Zheping Huang/Bloomberg) from Techmeme RSS feed.
Shanghai-based MiniMax reports 2025 revenue up 159% YoY to $79M, above $71.4M est., and a $1.87B net loss, up from a $465.2M net loss in 2024, after its IPO (Zheping Huang/Bloomberg)
Zheping Huang / Bloomberg:
Shanghai-based MiniMax reports 2025 revenue up 159% YoY to $79M, above $71.4M est., and a $1.87B net loss, up from a $465.2M net loss in 2024, after its IPO — MiniMax Group Inc. reported a better-than-expected 159% surge in revenue in 2025, reflecting the torrid growth that's drawn investors to China's leading OpenAI rivals.