---
title: "MiniMax climbs 8% after H1 revenue surges 283%, ARR tops $800 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297458084.md"
description: "MiniMax gains 8% in Hong Kong; H1 revenue up 283%, ARR tops $800 million, multiple brokers rate strong buy."
datetime: "2026-08-31T03:28:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297458084.md)
  - [en](https://longbridge.com/en/news/297458084.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297458084.md)
generator: "portal-rs"
---

# MiniMax climbs 8% after H1 revenue surges 283%, ARR tops $800 million

MiniMax (0100.HK) climbed **7.6%** in Monday's session in Hong Kong to **HK$323.20**. The AI company reported first-half 2026 revenue of **$117 million**, up **283%** year-over-year, with open platform and enterprise services revenue surging **703%** to account for **63.4%** of total sales. Annualized recurring revenue in August exceeded **$800 million**, well above analyst expectations. Turnover reached approximately **HK$1.76 billion**.

Multiple brokerages issued buy ratings following the results. Citigroup maintained a **HK$576** price target, CMB International raised its target to **HK$580**, and Guotai Haitong set a **HK$700** target, with the analyst consensus at "strong buy." Separately, MiniMax increased its three-year cloud computing procurement cap with Alibaba Group by **220%** to **$1.2 billion**, reflecting sustained growth in AI compute demand.

Southbound Connect flows have been net buyers for four consecutive sessions, accumulating more than **HK$1.93 billion** in net purchases.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**