Yan Junjie

The latest news and top stories on Yan Junjie. As CEO of MiniMax, an AI unicorn he founded in December 2021, Yan Junjie leads the development of advanced AI foundational and multimodal models. With over a decade in AI research and development, including a background as a former Vice President at SenseTime, his expertise lies in deep learning and AI infrastructure. Under his leadership, MiniMax has launched successful products like the AI companion app Talkie and the video generator Hailuo AI, attracting significant investment and achieving a valuation exceeding $4 billion. His vision focuses on making "Intelligence with Everyone" a reality.

Yan Junjie

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.

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

‘Hang in there’: Chinese boys donate US$1.50 to save store, sparking wave of support

New DNA tracking helps spot rare ‘Tai O fish’ in Hong Kong waters after 10 years

DNA of rare Chinese bahaba found in Hong Kong waters last September, a month after about 1,300 hatchery-reared juveniles released into Pearl River Estuary.

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.

Zhipu, DeepSeek push China’s trillion-parameter AI frontier amid US clampdown

China’s AI developers deepen push into massive foundation models, backed by lower costs and investor momentum despite US restrictions.

As Musk becomes first trillionaire from SpaceX IPO, will next come from China?

As the initial public offering sees Musk become the first ever trillionaire, China is also seeing growth in its tech uber-rich.

Could the AI ‘self-evolution’ trend add fuel to the China-US tech war?

Anthropic says its Mythos model is edging closer to ‘recursive self-improvement’ as Chinese developers seek to close gap.

MiniMax debuts AI model built for long and complex coding tasks

Shanghai-based company says M3 can process data five times faster than its predecessor, while also slashing inference costs.

China’s MiniMax records 1-million client base, fivefold growth in half a year

Its global user base reaches 300 million while ARR more than doubles in two months, though company reports large total losses.

China’s Li Qiang hosts Moonshot AI chief, urges faster industrial AI roll-out

Beijing signals stronger push to embed AI in manufacturing as premier meets rising start-up founders and industry leaders.

What Zhipu and MiniMax’s first post-IPO earnings say about the 2 AI start-ups

The two Chinese start-ups show promising commercialisation of AI models, which are reflected in rising demand and revenue.

China’s MiniMax releases AI model ‘designed for real-world productivity’

Company says it is ‘first frontier model … delivering on the promise of intelligence too cheap to meter’.

China signals global AI push as MiniMax CEO joins meeting with Premier Li Qiang

Last January, DeepSeek founder Liang Wenfeng met the Chinese premier in the same setting following the start-up’s rapid rise to prominence.

MiniMax and Zhipu’s stellar Hong Kong IPOs supercharge China’s AI ambitions

Zhipu’s coding assistant is wooing subscribers with a monthly fee of about US$3, a fraction of what Anthropic charges for Claude.

Chinese AI start-up MiniMax shines on Hong Kong IPO debut

The shares jump as much as 113.2 per cent to HK$351.80 before ending the day 109.1 per cent higher at HK$345.

MiniMax’s Hong Kong IPO set to hit US$538 million amid Chinese AI sector frenzy

The Alibaba-backed firm is set to price its 25.4 million shares at HK$165 each, the top end of its marketed range, sources say.

China AI start-up MiniMax kicks off US$538 million Hong Kong IPO

Start of Shanghai-based company’s share sale follows launch of rival Zhipu’s US$560 million IPO a day earlier.

China’s Zhipu and MiniMax release latest AI models ahead of Hong Kong listing

The near-simultaneous release on Monday underscores the two firms’ efforts to drum up interest for their respective Hong Kong IPOs.

China fintech giant Ant upgrades AI health app to tap eldercare, wellness demand

App AQ integrates Apple and Huawei devices, adds family health profiles and smart reminders to boost user engagement.

China’s generative AI tiger MiniMax pursues Hong Kong IPO to expand global reach

Hong Kong equity market offers platform for mainland Chinese AI firms seeking international investors amid intensifying domestic competition.

Beyond DeepSeek: Moonshot and MiniMax step up as China’s new frontier AI labs

DeepSeek might be grabbing the headlines, but Chinese start-ups Moonshot AI and MiniMax are emerging as serious rivals to US frontier labs.

Ant Group picks AI-assisted healthcare as growth area in ageing China

The elevation of the business marks one of Ant’s most significant pivots since its cancelled IPO five years ago.

Pop Mart targets mobile phones with mini Labubus as it aims to double sales

Pop Mart can easily double its 2025 sales to US$4.2 billion, as the company is poised to launch a mini version of its Labubu dolls next week, CEO says.

Shanghai expo sets stage for US-China face-off in heated AI race

Business leaders who will speak at the main forum include former Google CEO Eric Schmidt, MiniMax founder Yan Junjie and SenseTime CEO Xu Li.

MiniMax, the ‘world-class’ AI start-up lauded by Nvidia’s Huang, plans IPO

MiniMax aimed to raise between HK$4 billion and HK$5 billion, but its deal size and valuation could change depending on market conditions, Reuters said.