MiniMax said its latest ARR breakdown shows B2B now accounts for roughly 80% of
ARR and B2C about 20%, versus about 30% B2B/70% B2C a year earlier, indicating
accelerated enterprise and developer adoption. The company said ongoing
M2-series upgrades and the rollouts of M3 and H3 have raised model intelligence
and inference throughput, and enterprise/developer model-call demand is becoming
MiniMax’s new revenue driver.