MiniMax

TEXXR Analysis

Aug 26, 2026

GitHub’s Moat After the $0.12 Coding Model

MiniMax claims M3 input pricing of $0.12 per million tokens, versus $5 for Claude Opus 4.7, while Cursor puts agents behind codebase, Slack, and timer triggers....

Aug 22, 2026

MiniMax Sought $2B Six Months After Its IPO

MiniMax reported $79M in 2025 revenue against a $1.87B net loss, then by July sought roughly $2B through shares and 2027 convertible bonds. The proposed financi...

Jul 27, 2026

OpenRouter Makes Every Request a Bid

The model market is shifting from vendor loyalty to workload-by-workload sourcing. On OpenRouter, Chinese models account for nearly 60% of US-company token usag...

Coverage Timeline

2026-06-16

Bloomberg 3 related

Zhipu's shares closed up 33% on June 15 after JPMorgan raised the stock's price target and picked it as a winner against rival MiniMax, whose stock closed up 7%

2026-06-16 View

2026-06-15

Bloomberg 6 related

Zhipu's shares closed up 33% on Monday after JPMorgan raised the stock's price target and picked it as a winner against MiniMax; MiniMax closed up 7%

Shares of Chinese AI model maker Zhipu surged after JPMorgan Chase & Co. raised the stock's price target and picked it as a winner against close rival MiniMax.

2026-06-15 View

2026-05-31

Bloomberg 4 related

Filing shows Shanghai-based MiniMax has begun preparations for a Chinese IPO; the AI company listed in Hong Kong in January and says its ARR has reached $300M

2026-05-31 View

2026-05-30

Bloomberg 1 related

Filing shows Shanghai-based MiniMax has begun preparations for a Chinese IPO; the AI company listed in Hong Kong in January and says its ARR has reached $300M

2026-05-30 View

2025-07-16

Reuters 4 related

Sources: Chinese AI startup MiniMax files confidentially for a Hong Kong IPO, targeting a $4B+ valuation and aiming to raise $510M+, set to float by 2025's end

Chinese AI startup MiniMax has filed confidentially for a Hong Kong initial public offering, targeting a valuation of over $4 billion …

2025-07-16 View

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Zhipu's shares closed up 33% on June 15 after JPMorgan raised the stock's price target and picked it as a winner against rival MiniMax, whose stock closed up 7%

Zhipu's shares closed up 33% on Monday after JPMorgan raised the stock's price target and picked it as a winner against MiniMax; MiniMax closed up 7%

Filing shows Shanghai-based MiniMax has begun preparations for a Chinese IPO; the AI company listed in Hong Kong in January and says its ARR has reached $300M

Filing shows Shanghai-based MiniMax has begun preparations for a Chinese IPO; the AI company listed in Hong Kong in January and says its ARR has reached $300M

Sources: Chinese AI startup MiniMax files confidentially for a Hong Kong IPO, targeting a $4B+ valuation and aiming to raise $510M+, set to float by 2025's end

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