China's leading AI foundation model company developing LLMs, video generation (Hailuo AI), and speech synthesis. HKEX listed (9998.HK) in January 2026.
MiniMax is one of China's leading AI foundation model companies, founded in 2021 by former SenseTime executive Yan Junjie. The company has rapidly emerged as a top-tier AI lab, developing large language models (LLMs), text-to-speech, and breakthrough AI video generation technology. Their consumer product Hailuo AI has become one of the most popular AI video generation tools globally. With $600M+ in funding at a $2.5B valuation and a HKEX listing (9998.HK) in January 2026, MiniMax represents a critical player in China's push for AI self-sufficiency and global competitiveness in generative AI.
Comprehensive analysis of MiniMax's foundation model capabilities (text, video, speech, music), Hailuo AI platform success, competitive positioning vs global AI leaders, funding trajectory, and HKEX IPO implications.