MiniMax Group Inc. (Xiyu Technology) is a Shanghai-based AI foundation-model company founded in 2021 by SenseTime computer-vision researchers Yan Junjie, Yang Bin and Zhou Yucong. It develops proprietary multimodal large language models (MiniMax M-series), plus video (Hailuo AI), speech and music models, and AI-native consumer and enterprise products including MiniMax Agent, MiniMax Audio, and the character-chat app Talkie. Its models and products serve over 236 million individual users and 214,000+ enterprises and developers worldwide. Backed by Alibaba, Tencent, Hillhouse, HongShan and IDG, MiniMax listed on the Hong Kong Stock Exchange (SEHK: 100) in January 2026.
MiniMax is publicly traded
IPO'd on January 9, 2026
This company is no longer available on our private secondary market. Shares can be traded publicly under 00100.HK.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2021
Employees
200–420
Total Funding
$1.84B
4 rounds
Last Private Valuation
$4B
July 2025
Total raised $1.84B across 4 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-13-2026
Latest Round
Type
Series B extension
Date
July 2025
Amount
$300M
Valuation
$4B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| July 2025 | Series B extension | $300M | $4B | Shanghai STVC Group |
| March 5, 2024 | Series B | $600M | $2.5B | Alibaba Group |
| June 1, 2023 | Series A | $250M | $0.95B | Tencent |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.
Entry · Angel / Seed
$0.2B
Jan 2022
MiniMax today
$4B
Jul 2025 · latest mark
MiniMax multiple
20.0x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Yan Junjie
Founder, Chairman, CEO & CTO
Yang Bin
Co-Founder
Zhou Yucong
Co-Founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
OpenAI
US-based leader in foundation models and ChatGPT; primary global competitor
Anthropic
US-based foundation model company behind Claude; direct technical competitor
DeepSeek
Chinese AI startup; competitor in cost-efficient foundation models
Moonshot AI
Chinese AI company behind Kimi; competitor in reasoning and multilingual models
Zhipu AI
Chinese foundation model company; part of the Six Tigers elite group
StepFun
Chinese AI company with trillion-parameter Step-2 model; competitor in scale
Yes, MiniMax is publicly traded under the ticker symbol 00100.HK on the HKEX. The company went public in January 9, 2026.
MiniMax trades under the ticker symbol 00100.HK on the HKEX. It began trading in January 9, 2026.
MiniMax (00100.HK on the HKEX) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker 00100.HK to place an order.
MiniMax went public in January 9, 2026 via ipo, with an offering valuation of approximately $4B. MiniMax completed its Hong Kong IPO on January 9, 2026, listing on the Hong Kong Stock Exchange under ticker 00100.HK. The company priced its offering at HK$165 per share (top of the HK$151-165 range) and raised approximately $620 million in gross proceeds. Shares surged 109% on the first day of trading, closing at HK$345, valuing the company at approximately $11.5 billion. The IPO marked a major milestone for Chinese AI companies and validated the company's foundation models and consumer/enterprise products.
MiniMax raised $1.84B across 4 disclosed funding rounds prior to its public listing.
MiniMax was co-founded by Yan Junjie, Yang Bin, and Zhou Yucong in 2021.
MiniMax is headquartered in Shanghai, China.
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