AI公司MiniMax营收不及头部网红市值泡沫引发市场质疑

太平洋科技03-03

AI大模型公司MiniMax发布上市后首份财报，2025年营收7904万美元，同比增长159%，但亏损达18.7亿美元。公司最新市值2360亿港元，约304亿美元。数据显示，头部主播董宇辉2025年带货销售额约29亿美元，是MiniMax营收的36倍。MiniMax经调整净亏损2.5亿美元，盈利能力不及头部网红主播。MiniMax营收增速从2024年的782%下滑至2025年的159%。横向对比，...

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AI公司MiniMax营收不及头部网红 市值泡沫引发市场质疑

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AI公司MiniMax营收不及头部网红市值泡沫引发市场质疑