0936 GMT - MiniMax isn't prioritizing near-term profit and is instead focusing on scaling technology and business, chief operating officer Yeyi Yun says in an interview. She says that lean operations can enable the artificial-intelligence startup to execute decisions faster than larger rivals such as Alibaba Group and TikTok owner ByteDance. MiniMax aims to expand its workforce to around 600 people by the end of the year. The comment comes as investors debate MiniMax's valuation after the company's market value surged above $40 billion despite limited headcount and no profitability. Shares closed 8.6% lower at HK$986.00. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
March 26, 2026 05:36 ET (09:36 GMT)
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