Chinese AI Firms MiniMax and Z.AI Surge Amid Record Short Bets

MiniMax's sales nearly quadrupled and Z.AI launched a stealth model rivaling DeepSeek, while record short bets hit China's AI sector due to fierce competition.

26 Aug, 09:56 — 26 Aug, 09:56

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bloombergHigh8d ago

MiniMax Sales Nearly Quadruple in Crowded Race for China AI Lead

MiniMax Group Inc.’s revenue surged 283% in the first half of 2026, even as the Chinese AI upstart trailed rivals such as Z.AI Co. in releasing top-tier large language models.

By Bloomberg News

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Chinese AI Firms MiniMax and Z.AI Surge Amid Record Short Bets

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MiniMax Sales Nearly Quadruple in Crowded Race for China AI Lead

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