🔴 MiniMax Group is trading 5.02% down today after adjusted net loss more than doubled

MiniMax Group is trading at HK$298.80, down 5.02%, after investors weighed first-half results showing adjusted net loss more than doubled to US$293 million.

• Revenue surged 283.1% to US$116.6 million, but reported revenue fell short of analyst estimates.
• The company reported a US$358 million net loss; open-platform and enterprise AI-services revenue jumped 703.1% to US$73.9 million.
• Substantial investment in research and computing remains a key concern, potentially tempering enthusiasm over strong AI-services growth.