COMPANIES · FOUNDATION MODELS

MiniMax

MiniMax is a Shanghai-based company that develops large-language, video, audio and image generation models, including its Hailuo video model.

DirectFoundation models
What it does

MiniMax is a Shanghai-based company that develops large-language, video, audio and image generation models, including its Hailuo video model.

Why it matters

It is one of China's "AI tiger" startups and one of the first Chinese frontier AI labs to complete an IPO, giving public investors direct exposure to a Chinese foundation-model company.

How it makes money

It sells API access to its language, audio and multimodal AI models and offers consumer AI applications.

Geography

China (Shanghai)

AI stack position

Foundation models and AI laboratories. The organizations actually building the AI models themselves, like the systems behind ChatGPT, Claude or Gemini. This is the most crowded, fastest-moving layer of the AI economy right now.

Connections (5)

Every connection below is tied to a readable source, date, classification and statement of its limits. A company source establishes what that company stated; it does not necessarily provide independent confirmation.

Current relationships (2)

MiniMax distributes its models through Amazon Web Services
Publishes throughCurrent
AWS announced that MiniMax M2.1 was among six open-weights models added to Amazon Bedrock as fully managed offerings.

Source: 2026-02-10 · reviewed 2026-09-24

Evidence: Primary-source statement · Reported operating

Limits: An availability announcement for one model on one date. It does not establish a commercial partnership between MiniMax and AWS, usage volumes, or that MiniMax was involved in the listing beyond releasing open weights.

Amazon Bedrock adds support for six fully-managed open weights models ↗
Alibaba Group held indirect equity stake in MiniMax
Invested inCurrent
Alibaba held an indirect stake of about 13.66% in MiniMax ahead of its January 2026 Hong Kong IPO, according to reporting on MiniMax's IPO prospectus, and Alibaba also co-invested in the IPO itself.

Source: Source undated · reviewed 2026-09-20

Evidence: Secondary reporting of an on-record executive statement · Reported operating

Limits: Does not establish Alibaba's current stake following the IPO's share issuance and dilution, or any operational/commercial relationship beyond equity ownership.

MiniMax's IPO Prospectus Reveals Alliance with Alibaba, Holding 13.66% Indirect Stake ↗

Comparisons (3)

Zhipu AI competes with MiniMax
Competes withComparison only
Zhipu AI and MiniMax are both members of China's so-called 'AI tiger' cohort of foundation-model startups and compete directly in the Chinese large-language-model market.

Source: Source undated · reviewed 2026-09-20

Evidence: Analytical comparison · Ongoing

Limits: Does not establish market share or revenue comparison.

Six AI tigers ↗
MiniMax competes with OpenAI
Competes withComparison only
MiniMax's language and multimodal models compete with OpenAI's models as general-purpose foundation-model offerings.

Source: Source undated · reviewed 2026-09-20

Evidence: Analytical comparison · Ongoing

Limits: Does not establish market share or revenue comparison.

MiniMax (company) ↗
MiniMax competes with ElevenLabs
Competes withComparison only
MiniMax's speech and audio generation models compete with ElevenLabs' voice AI products in the AI voice/audio generation market.

Source: Source undated · reviewed 2026-09-20

Evidence: Analytical comparison · Ongoing

Limits: Does not establish market share or revenue comparison.

MiniMax (company) ↗

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Inclusion in this database is not an endorsement of a company or its securities. Nothing here is a recommendation to buy or sell anything, and none of it is individualized investment advice. See the disclosures. Data: AI Map v3.22, released .