CHINESE AI FIRM MINIMAX MORE THAN DOUBLES REVENUE IN FIRST POST-IPO RESULTS

Summary from the TLDR AI newsletter

Chinese AI startup MiniMax's annual revenue soared to $79 million in 2025 from $30.5 million the previous year. Net loss widened to $1.87 billion from $465.2 million. Analysts were expecting the equivalent of about $72 million in revenue and a net loss of roughly $564 million. These are the first results published since the company went public in January. Its shares have increased more than fourfold from their IPO price, pushing the company's market capitalization past $30 billion.