MINIMAX-WP (00100) saw its shares rise more than 5% during the trading session. At the time of writing, the stock was up 4.59% to HK$842.5, with a turnover of HK$1.048 billion.
Recently, the open-source AI agent OpenClaw has continued to gain widespread attention, with "lobster farming" becoming a hot topic in the tech community. Notably, MiniMax, through its deep integration with the OpenClaw ecosystem, is rapidly transitioning from the technology validation phase to the scale monetization phase.
Last month, MiniMax launched MaxClaw, a cloud-based AI assistant built on OpenClaw. The company stated that users will be able to run OpenClaw directly on mobile devices, with all data synchronized in real-time with the web version, enabling true multi-platform collaboration.
Furthermore, according to reports, the lobster benchmark rankings shared by OpenClaw founder Peter Steinberger show that MiniMax M2.1 holds the second position with a success rate of 93.6%.
Morgan Stanley noted in its latest research report that the commercialization momentum of Chinese AI unicorn MiniMax has far exceeded expectations. Its annualized recurring revenue (ARR) surged from $100 million to $150 million in just two months, an increase of over 50%. Meanwhile, token usage for the M2 model in February 2026 skyrocketed sixfold compared to December 2025, while inference costs per token dropped significantly by more than 50%.
The bank maintained its Overweight rating on the stock with a target price of HK$990, implying approximately 23% upside potential from the current share price.
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