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One of China's 'AI Tigers' — the multimodal foundation-model lab behind Talkie and Hailuo AI
HQ: Shanghai, China | Founded: 2021 | Employees: ~1,000 (2026, est.) | Stage: Public (HKEX, January 2026) | Website: https://www.minimax.io
MiniMax was founded in 2021 in Shanghai by Yan Junjie, a veteran of SenseTime who believed China's next big AI company should build a full-stack AGI lab with a product-first orientation. The company became one of China's six 'AI Tigers' — the privately funded foundation-model leaders (with Zhipu, Moonshot, Baichuan, StepFun, and 01.AI) that raced to match the frontier after DeepSeek and the open-source wave.\n\nMiniMax's differentiation is multimodal depth: its models natively handle text, audio, video, and music, and the company shipped consumer products early and aggressively. Talkie — an AI companion and roleplay app launched in 2023 — became a global hit with roughly 20 million monthly active users and drives the majority of consumer revenue (C-side products generated ~71% of revenue i
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