---
title: "MiniMax climbs 3% in Hong Kong on AI video model and strong results"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297718790.md"
description: "MiniMax climbed 3% in Hong Kong on AI video model launch and strong H1 results; ARR topped $800M"
datetime: "2026-09-02T01:48:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297718790.md)
  - [en](https://longbridge.com/en/news/297718790.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297718790.md)
generator: "portal-rs"
---

# MiniMax climbs 3% in Hong Kong on AI video model and strong results

MiniMax (100.HK) climbed as much as **3%** in Hong Kong trading, extending a two-day rally of more than **20%**, on the launch of its next-generation AI video model and strong first-half results. The stock was last at **HK$339.80**, up **0.89%**.

The company recently unveiled H3 Max, a video generation model that produces five seconds of 768p audio-video content in just three seconds — roughly 35 times the throughput of its predecessor — and topped multiple benchmarks. An AI livestreaming application built on the model has drawn significant market attention.

Separately, MiniMax reported first-half revenue of **$117 million**, up 2.8 times from a year earlier, with annualized recurring revenue surpassing **$800 million**. A co-founder said the company is increasingly confident of reaching a **$1 billion** ARR target by year-end.

Southbound flows via Stock Connect net bought approximately **HK$763 million** of MiniMax shares on September 1, with the stock ranking among the most actively traded on both the Shanghai and Shenzhen Connect channels.

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