MINIMAX-WP (00100) saw its shares rise more than 6% during the trading session. At the time of writing, the stock was up 4.15% to HK$954.5, with a trading volume of HK$395 million. The movement follows an announcement on March 23 that MiniMax's AI Agent product, MaxClaw, now supports integration with personal WeChat accounts. With this update, MaxClaw is now accessible across major instant messaging platforms including WeChat, Feishu, DingTalk, Enterprise WeChat, Telegram, and WhatsApp.
In addition, MiniMax has upgraded its previous Coding Plan to a new Token Plan, described as the world's first unified subscription plan supporting all-modal models. Under the upgraded plan, users subscribed to the Plus tier and above will retain their existing usage allowances for the M2.7 coding model and receive additional quotas for multimodal models such as Conch Video, voice synthesis, music generation, and image generation. The company has also introduced separate voice and video resource packages for professional developers and enterprise clients, offering discounts of up to 20% for bulk usage.
According to SDIC International Securities, token consumption for AI models has shown strong month-over-month growth in the past month, with Chinese model companies increasing their global share of token usage. MiniMax reported impressive performance in 2025, with Annual Recurring Revenue (ARR) exceeding US$150 million. The brokerage believes that token usage for AI models is still in its early stages and holds potential for exponential growth, with significant room for expansion in areas such as coding, AI agents, and office automation.
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