[Market Movement Analysis] MINIMAX-W soars on September 18: H3Max video generation + Singapore AI training program + rapid ARR growth

1. At the opening of the Hong Kong stock market on September 18, MINIMAX-W rose by 3.92%. Previously, H3 Max 768P and 480P were integrated into open platforms and the Design system; 5-second 768P audio and video generation takes less than 3 seconds, and has already been adopted by overseas developers for real live streaming.
2. On September 16, Singapore's Skills and Workforce Development Agency launched more than 200 AI courses. MiniMax Agent, Hailuo AI, and MiniMax Audio were included in the Singtel AI Pass subscription plan, expanding the application scenarios of overseas products.
3. As of August, the company's ARR exceeded $800 million, with enterprise users contributing more than 80%. In the first half of 2026, revenue from open platform and AI enterprise services reached $73.93 million, a year-on-year increase of 703.1%, accounting for 63.4% of total revenue. The commercialization of core business maintained rapid growth.

(Disclaimer: This content is compiled by AI technology from public information, for reference only, and does not constitute investment advice.)