Funding Round Details
MiniMax Group (HK:0100) announced the closure of a $2 billion funding round, equivalent to HK$16 billion, executed through a share placement and a zero‑coupon convertible bond offering.
Use of Proceeds
Approximately 80 % of the HK$16 billion proceeds will be allocated to expanding AI infrastructure and conducting model research and development, supporting the company’s global expansion and its AI‑agent product “Harness”.
Customer Base Growth
- Enterprise and developer customers grew to more than 1 million by the end of June 2026, up from about 200,000 at the end of 2025.
- Consumer‑facing products reached roughly 300 million global users.
CEO Long‑Term Commitments
- The Chief Executive Officer will forgo any salary until the company achieves artificial general intelligence (AGI).
- The CEO will transfer shares representing 4 % of MiniMax’s total equity from his personal holdings to long‑term employees over the next four years.
- An additional 1 % of equity will be dedicated to support the open‑source community.
Announcement Source
The information was shared on X by Head of Developer Relations Ryan Lee and corroborated in an exchange filing.