[BUSINESS]■ STORY TIMELINE

MINIMAX REVENUE SURGES 283%, BUT LAGS Z.AI IN AI RACE

Shanghai-based MiniMax reported H1 2026 revenue of $116.6M, up 283% year-over-year, accelerating from 2025's 159% growth. However, the Chinese AI startup trails competitors in model performance as Z.ai's GLM-5.2 outpaces MiniMax's M3.

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Techmeme+0m

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 (Bloomberg)

Bloomberg: Shanghai-based MiniMax reports H1 2026 revenue up 283% YoY to ~$116.6M, above 2025's 159% YoY growth, as its…

Techmeme+5d

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 (Bloomberg)

Bloomberg: Z.ai reports H1 2026 revenue up 400% to ~$142M, below its $200M projection; Z.ai's market value surged 800% s…

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