MiniMax Group Inc

Among China's crop of well-funded AI-model startups, MiniMax has built its name on generative products rather than pure research. The Shanghai company trains multimodal models and ships them directly to consumers: Talkie and Xingye let users chat with AI characters, while Hailuo generates video from text prompts, a line that has drawn a global audience. That consumer focus sets it apart from rivals aimed mainly at enterprises. MiniMax also licenses its underlying models to developers, giving it a second revenue path alongside its apps. The group listed on the Hong Kong Stock Exchange in early 2026, joining the wave of Chinese AI names tapping public markets for the capital that training frontier models demands. As with its peers, the open questions are how quickly the consumer apps can pay for the compute they run on, and how competition at home reshapes pricing.

On MyRWA, MINIMAX trades tokenized across 14 on-chain venues - see the listings below.