---
title: "MiniMax rises 1% in Hong Kong trading as ARR tops $800M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297580538.md"
description: "MiniMax (100.HK) rose 1.3% to HK$353.6; ARR topped $800M after H1 revenue surged 283%."
datetime: "2026-09-01T01:38:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297580538.md)
  - [en](https://longbridge.com/en/news/297580538.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297580538.md)
generator: "portal-rs"
---

# MiniMax rises 1% in Hong Kong trading as ARR tops $800M

MiniMax (100.HK) rose **1.3%** in Hong Kong trading to **HK$353.6**, extending gains after the AI model developer surged more than 16% on Friday following its interim results.

The company reported first-half revenue of nearly **$120 million**, up **283%** year on year. CITIC Securities noted that token consumption in July reached 20 times the January level, with annual recurring revenue surpassing **$800 million** in August, pointing to accelerating commercialization of China's homegrown large language models.

Caitong Securities maintained a buy rating, citing a rising share of enterprise service revenue. Southbound funds via Stock Connect were net buyers throughout August, with holding ratios climbing over the past five sessions.

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