History
MiniMax was started in December 2021. The founders were researchers from a company called SenseTime. Early money for the company came from the video game maker MiHoYo. In 2024, Alibaba Group led a large investment that made the company worth $2.5 billion. Other big companies like Tencent and IDG Capital also invested in MiniMax.
The company became a public company on January 9, 2026, when it started selling shares on the Hong Kong Stock Exchange.
Products
Talkie and Xing Ye
The company's first app was called Glow, which started in 2022. It allowed people to chat with AI characters. Glow was later replaced by two other apps: Talkie (for people outside of China) and Xing Ye (for people in China).
By 2024, Talkie was one of the most popular entertainment apps in the United States. It lets users talk to AI versions of famous people like Taylor Swift and Elon Musk.
Hailuo AI
In 2024, MiniMax launched Hailuo AI. This platform can create text, music, and videos from a user's description. In early 2025, the company added tools to help the AI create sounds and speech.
AI Models
MiniMax creates "large language models" (LLMs) which are the brains behind their AI products. These include the MiniMax-01 and M2.7 models. They also made Speech-02, which can turn text into spoken words in more than 30 languages.
