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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.
DeepSeek’s new V4-Flash-0731 model costs US$0.03 per task. Photo: Shutterstock Images
Artificial intelligence

Enterprise AI costs hit yearly low driven by price wars, open-source models

Average inference prices ranged between US$1.16 and US$1.18 from August 6 to 8, according to Silicon Data’s index.

Artificial intelligence

What triggered Goldman Sachs to lift its China AI revenue forecast by 30%

Artificial intelligence

China’s MiniMax curbs overseas use of new AI video model amid copyright disputes

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Artificial intelligence

OpenAI blinks in face-off with Chinese rivals, making big price cuts

Dramatic move makes GPT-5.6 Luna the ‘most attractive’ in intelligence-per-dollar rankings, above Zhipu AI’s GLM-5.2 and MiniMax’s M3.

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OpenAI CEO Sam Altman arrives for a meeting at the White House in Washington on July 30. Photo: Reuters
Artificial intelligence

Video AI: MiniMax challenges ByteDance with low price, open weights

Firm aims to ‘support open-source community’ and a ‘broad range of hardware’, as H3 model bests Seedance 2.0 in some tasks.

Alibaba

From CXMT to Zhipu AI, Alibaba’s strategic investments are paying off

The company’s strategic shift to AI and chip investments is not only yielding significant returns, but also boosting its tech portfolio.

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Artificial intelligence

Exclusive | Chinese AI developers may shift to ‘paid weights’: Goldman Sachs

As use of Chinese artificial intelligence soars, companies will look to boost revenue capture, says bank’s head of Asia internet research.

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Goldman Sachs Asia analyst Ronald Keung on July 22. Photo: Jonathan Wong
Tencent

Moonshot, DeepSeek and chips: a guide to Tencent’s growing AI empire

A look at some of the key companies in Tencent’s growing AI portfolio, from model makers to chip designers.

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China’s private sector

How Beijing became China’s biggest tech venture capitalist, from AI to chips

China’s tech sector thrives on state-backed investment, reshaping funding dynamics and sparking a debate about balancing risk and innovation.

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Artificial intelligence

China’s tech firms push beyond hardware to power the global AI boom

China’s AI model developers, optical-module makers and warehouse-robot suppliers are taking different routes to reach global markets.

Mainland Chinese firms are carving out key positions across both the software and hardware layers of the global AI boom. Photo: Xinhua
Artificial intelligence

Moonshot AI pushes China closer to US in frontier tech

An overwhelming rush to sign up for Moonshot’s Kimi K3 model underscores how China is rapidly gaining ground on the US in artificial intelligence.

Photo: AFP
Artificial intelligence

Moonshot AI’s Kimi K3 faces GPU crunch amid US-China tech rivalry

Chinese start-up pauses Kimi K3 subscriptions due to surging demand and compute shortages, highlighting the country’s AI chip challenges.

Artificial intelligence

Humanoids to Huawei: what to watch as Xi attends China’s top AI event

Gathering will showcase Beijing’s push to compete across the full AI stack, from models and chips to robots, consumer devices.

Artificial intelligence

Sam Altman signals OpenAI price war as rivalry with Anthropic, China heats up

American AI pioneer eyes 75 per cent fee cut for flagship software to counter market gains by Claude and low-cost alternatives from Chinese providers.

OpenAI CEO Sam Altman speaks at an event in Tokyo, Japan, last year. Photo: Reuters
Artificial intelligence

China’s DeepSeek eyes US$70b valuation in new talks weeks after first round

Company’s fresh fundraising talks come straight off its landmark Series A, as investors scramble to back national AI champion.

DeepSeek has launched a new financing round shortly after closing a landmark deal. Photo: Getty Images
Artificial intelligence

AI | Chinese AI giants, start-ups ready for the agentic web era

With artificially intelligent agents set to become our interface with the digital world, Chinese tech platforms are embedding them and launching AI-native products.

Artificial intelligence

China’s Zhipu AI defies market slump with pursuit of AGI over quick profits

Monday’s losses were seen across chip designers, semiconductor-equipment makers and materials suppliers.

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Artificial intelligence

MiniMax CEO gives up salary as stock plunges 80% from peak

Yan Junjie said the company remains committed to its long-term mission despite ‘external noise’ and market fluctuations.

The MiniMax logo is displayed on a smartphone in this arranged picture taken on May 11, 2026. Photo: Shutterstock Images
Hong Kong stock market

Hong Kong stocks retreat as regional tech volatility offsets short covering

Zhipu AI bucked the downward trend to surge over 11 per cent as volatility surrounding its recent IPO share unlocking began to ease.

US-China relations

Anthropic hits back after China warns of Claude Code ‘backdoor’ risks

AI firm says users in China were never authorised to use Claude Code after Beijing warned of security risks in older versions.

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Banking & finance

Hong Kong stocks rise as rallies from Alibaba, SMIC, others lift market sentiment

The Hang Seng Index closed high on Wednesday as investors stood firm and held onto newly unlocked shares following post-IPO lock up expiries.

The Hong Kong Exchanges and Clearing in Exchange Square on June 11. Photo: Jelly Tse
Artificial intelligence

China previews new AI tech ahead of flagship Shanghai summit

China’s shipments of AI phones and computers are expected to overtake non-AI gadgets this year.

The WAIC logo is seen outside the Shanghai World Expo Exhibition and Convention Centre during the World Artificial Intelligence Conference last year. Photo: Reuters
Hong Kong stock market

Zhipu AI, MiniMax shares to test Hong Kong market as lock-ups end

Shares worth US$11.5 billion to hit market as record wave of lock-up expirations starts and some firms eye share placements.

China’s private sector

Shanghai unveils quantum computing hub as China races for tech supremacy

The zone is set to provide up to 100 million yuan to fund research and development of the technology.

Hong Kong stock market

Hong Kong shares drop 11% in first half on Fed pivot, lack of AI play

City’s exchange ranks among world’s worst performers as IPOs vacuum up capital and lock-up releases loom.

A worker cleans an electronic screen showing the Hang Seng Index in Central on June 26. Photo: Edmond So
Wealth Report

Tech pioneers flocking to Hong Kong thanks to revamped listing rules

An AI-driven surge of Chapter 18C listings has pushed HKEX past New York in IPO fundraising, but how has the listing route impacted economic growth?

Lingyi iTech robots perform a thousand-hand Guanyin dance at the opening of Honor’s Alpha Global Flagship Store last September in Shenzhen. The store is a sign of AI’s growing ubiquity, something also demonstrated by the sector’s increasing importance to the HKEX. Photo: VCG via Getty Images
Hong Kong stock market

Hang Seng Index caps worst week in over a year amid tech sell-off

Signs of an unwinding of record-high leveraged bets on AI stocks in South Korea and Taiwan sours sentiment in Asian trading.

Hong Kong stock market

HKEX pushes deeper into index business as AI reshapes Hong Kong market

The bourse wants proprietary indices to better capture China’s technology boom as traditional Hong Kong benchmarks trail regional peers.

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