Increase of 300%! MiniMax, a new rising star in domestic large models, is associated with a company that has increased its capital to 4 billion yuan

Recently, the leading company in the domestic AI large model field, MiniMax, has once again attracted industry attention. According to the latest business registration information, its affiliated company, Shanghai Xiyu Jizhi Technology Co., Ltd., has completed a major capital increase, with its registered capital rising from the original 1 billion yuan to 4 billion yuan, an increase of as much as 300%.

This technology company, established in November 2021, is led by Yan Junjie as the legal representative. Its main business scope covers core technology areas such as computer system services. From the perspective of equity structure, the company is entirely owned by Hong Kong Xiyu Jizhi Limited, and its background strength is formidable.

Looking back at MiniMax's growth process, its capital operations have been quite tight. As early as July 2025, the company had already completed a strategic financing round close to 300 million U.S. dollars, and the post-investment valuation had successfully broken through the 4 billion U.S. dollar threshold. Industry insiders have also revealed that due to rapid business expansion and steadily increasing valuation, the company is actively seeking opportunities to list on the A-share market.

In addition to its headquarters in Shanghai, MiniMax's business has been continuously expanding. In January of this year, the company established a new technology company in Guangzhou, with a registered capital of 70 million yuan. This substantial capital increase for the Shanghai affiliated company not only reflects the high recognition of the large model sector by the capital market, but also indicates that MiniMax is entering an accelerated phase in technological research and development and commercialization.

Amid the increasingly intense competition in the large model field, related companies such as Zhitu AI and Manus have also recently announced capital increases. The further enhancement of MiniMax's capital strength undoubtedly provides more sufficient financial support for its intense competition in computing power and model iteration.

New Developments in Domestic Large Models: MiniMax Launches the '10x Team' Program to Reward Global Top Experts

MiniMax (Xiyu Technology) has launched the '10x Team' global talent collaboration program, aiming to gather top experts from various industries, combine industry expertise with cutting-edge AI technology, and promote the application of large models in vertical fields, extending productivity from general to specialized scenarios, achieving a tenfold increase in industry efficiency. It also opens up multimodal core resources to verify the value of industry insights.

Kuaishou Plans to Split Kual AI for Independent Funding, Valuation Reaches $20 Billion on Track for Next Year's IPO

Kuaishou plans to spin off its AI video generation business, Kling, into an independent entity before its 2026 IPO to capitalize on the global AI boom. Kling, which launched in 2024 and generates HD videos from text and images, is now in Pre-IPO funding talks with a valuation of around $20 billion, serving as a core product in Kuaishou's AGI strategy.....

MiniMax Launches 10x Team Program: Recruiting Global Experts to Drive the Evolution of Large Models Across Multiple Fields

MiniMax launches the '10x Team' partnership program to collaborate with top talent across industries, extending large models from programming and content creation to vertical fields like industrial software, game engines, chip design, and finance, aiming for tenfold efficiency gains. Substantive cooperation with experts has validated the role of domain knowledge in model evolution.....

DeepSeek Opens Wide-Ranged Image Recognition Mode: Multimodal Understanding Function Enters Internal Testing

DeepSeek launched a large-scale beta of its 'Image Recognition Mode' on May 9, marking its entry into multimodal interaction. After a limited gray test in late April, most accounts can now access it via a standalone entry in the chat interface. Though still in beta, it's listed alongside 'Fast Mode' and 'Expert Mode,' signaling multimodal understanding as a core direction.....

DeepSeek May Be Led by the National Big Fund, Valuation Approaching 45 Billion USD

China's National Integrated Circuit Industry Investment Fund is in talks to lead DeepSeek's first funding round, with a target valuation near $45 billion, doubling from its initial $20 billion. Despite DeepSeek's current focus on large model R&D and limited commercialization, investors are optimistic about its long-term growth prospects.....