MiniMax (company)

MiniMax is a Chinese artificial intelligence (AI) company. It is based in Shanghai, China. The company develops AI software for text, images, video, and speech. Investors have called MiniMax one of China’s leading new AI companies.

 History 
MiniMax was founded in December 2021 by former engineers from the AI company SenseTime. Early funding came from the Chinese technology company MiHoYo.

In March 2024, Alibaba Group led a $600 million investment round in MiniMax. After this investment, the company was valued at about $2.5 billion. Other investors include Tencent, IDG Capital, and Hillhouse Investment.

On 9 January 2026, MiniMax became a public company with an initial public offering (IPO) on the Hong Kong Stock Exchange.

 Products 

 Talkie 
MiniMax released its first product in 2022. It was originally called Glow. The app allowed users to create virtual characters and talk with them using AI.

In 2023, Glow was relaunched under two new names. For users outside China, the app became Talkie. For Chinese users, it was renamed Xing Ye.

In 2024, Talkie became popular in the United States and other countries. It allowed users to have AI conversations with virtual versions of well-known people.

 Hailuo AI 
In March 2024, MiniMax launched Hailuo AI, an AI platform for text, music, and video creation. In September 2024, the company added a new tool called video-01, which can create videos from written text.

In 2025, Hailuo AI added audio and speech features, allowing users to create voices and sound effects with AI.

 Technology 
MiniMax develops large AI language models. In 2024, the company released the ABAB 6.5 model, which uses a technology called mixture of experts.

In January 2025, MiniMax introduced the MiniMax-01 family of AI models. These models can understand both text and images.

In April 2025, the company released Speech-02, a new text-to-speech model that supports more than 30 languages.

 See also 
 OpenAI

 References 

Category:OpenAI
Category:Companies of the People's Republic of China