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Bloomberg ·

Shanghai-based MiniMax reports H1 2026 revenue up 283% YoY to ~$116.6M, above 2025's 159% YoY growth, as its M3 model lags behind rivals like Z.ai's GLM-5.2

MiniMax Group Inc.'s revenue surged 283% in the first half of 2026, even as the Chinese AI upstart trailed rivals such as Z.AI Co. in releasing top-tier large language models.

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In this story GLM-5.2 M3 MiniMax Z.ai

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Bloomberg — Shanghai-based MiniMax reports H1 2026 revenue up 283% YoY to ~$116.6M, above 2025's 159% YoY growth, as its M3 model lags behind rivals like Z.ai's GLM-5.2 ↗

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The Information: Hong Kong-listed Z.ai reports H1 2026 revenue up 5x YoY to ~$142M, with "open platform and API revenue" up 28x to ~$122M, and net loss down 12% YoY to ~$308M
Bloomberg: Z.ai reports H1 2026 revenue up 400% to ~$142M, below its $200M projection; Z.ai's market value surged 800% since its January listing, peaking at $137B
TechCrunch: AI training data startup Micro1's gross annual run rate grew from $100M to $500M in the past eight months, putting net annual run rate at $150M-$200M
Bloomberg: Chinese memory chipmaker CXMT reports H1 revenue of ~$22.4B, more than double its 2025 sales, and ~$11.5B in profit, compared to a loss a year earlier
Bloomberg: Kuaishou reports Q2 revenue flat at ~$5.2B, meeting est., net income down 36% YoY to ~$467M, the biggest drop since 2021, and Kling AI sales up 200%

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