MiniMax, Z.ai revenues surge on API demand but adjusted losses widen

Sherri Wang

, DIGITIMES, Taipei

Sep 3, 2026, 00:50 0

Credit: MiniMax and Z.ai; AI-generated illustration

Two of China's first listed foundation-model developers are showing that demand for their technology can translate into rapidly growing revenue. Turning that demand into profit remains a much harder problem.

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