---
title: "Understanding the Market | MINIMAX-W opened over 4% higher as the company collaborates with Tencent Cloud to smoothly operate a million-level Agent RL sandbox"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279513869.md"
description: "MINIMAX-W's stock price opened over 4% higher, rising 4.55% to HKD 1,080 as of the time of writing, with a trading volume of HKD 137 million. The company has partnered with Tencent Cloud to successfully deploy a million-level Agent RL sandbox, aiding the reinforcement learning framework. The company has received approval from the Stock Exchange to transition to a commercialized company, and its stock abbreviation will no longer carry the \"P\" mark. Total revenue is expected to reach USD 79.038 million in 2025, a year-on-year increase of 158.9%, with a gross profit of USD 20.079 million and a gross margin rising to 25.4%"
datetime: "2026-03-18T01:27:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279513869.md)
  - [en](https://longbridge.com/en/news/279513869.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279513869.md)
---

# Understanding the Market | MINIMAX-W opened over 4% higher as the company collaborates with Tencent Cloud to smoothly operate a million-level Agent RL sandbox

According to Zhitong Finance APP, MINIMAX-W (00100) opened over 4% higher and as of the time of writing, it has risen by 4.55%, trading at HKD 1,080, with a transaction volume of HKD 137 million.

On the news front, according to Tencent Cloud, MiniMax has recently collaborated with Tencent Cloud to successfully complete an important practice in Agent infrastructure. Based on Tencent Cloud, MiniMax has begun deploying an Agent RL sandbox with a throughput of millions and a concurrency of hundreds of thousands, achieving full stable operation in the testing environment. This supports MiniMax's reinforcement learning framework, allowing for "instant environment setup and immediate deletion after use" in large-scale Agent training scenarios, ultimately making training faster, more stable, and cost-effective.

It is noteworthy that MiniMax recently announced that the company has been approved by the Hong Kong Stock Exchange and will no longer be regarded as a non-commercialized company but rather as a commercialized company. Following the approval, the company's stock abbreviation will no longer carry the "P" mark. The financial report previously disclosed by the company shows that the total revenue for 2025 is projected to be USD 79.038 million, a year-on-year increase of 158.9%, with over 70% of the revenue coming from international markets; gross profit is USD 20.079 million, an increase of 437.2% compared to the same period last year; and the gross profit margin has risen to 25.4%

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