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LandedLarge Models / Generative AISubsidiary / Representative Office2022SE-009

MiniMax · Singapore

Global South·Southeast Asia·Group: MiniMax

Source: Zhipu and MiniMax IPO (ChinaTalk) — cites MiniMax prospectus: 212m users, 200+ countries, Singapore subsidiaries Subsup (2022) and Nanonoble (2024) (2026)High

How to read these numbers: A purposive, publicly sourced case library, not a probability sample: counts describe the library, not market share. Monetary figures mix investment, revenue and user metrics — treat them as magnitude markers and defer to the verbatim description and source link.

What happened

The company operates its overseas business through two Singapore subsidiaries: Subsup Pte. Ltd. (UEN 202232608W, registered 14 September 2022, 8 Kaki Bukit Ave 4 #08-32), the developer entity for the AI companion app Talkie; and Nanonoble Pte. Ltd. (UEN 202410771D, registered 19 March 2024, 152 Beach Road #14-02 Gateway East), the operating entity for the text-to-video product Hailuo AI. In the first nine months of 2025, its AI-native products reached more than 200 countries and regions with over 212 million users; the prospectus revenue breakdown shows Singapore and the United States as its two primary overseas markets. It listed on the Hong Kong Stock Exchange on 9 January 2026, raising approximately US$619 million in actual proceeds (against a planned offering cap of US$539 million), with its share price nearly doubling on the first day of trading.

Localisation & innovation

Localisation adaptation: uses Singapore entities to handle global compliance and distribution, with an 'asset-light' rented-computing-power model; Talkie/Hailuo AI operate for overseas users.

Structured fields

Host country
Singapore
Region
Southeast Asia
AI segment
Large Models / Generative AI
Entry mode
Subsidiary / Representative Office
Entry year
2022
Deployment status
Landed
Capital direction
China->host (outbound deployment)
Company group
MiniMax

Local partner

Alibaba and a Tencent subsidiary were pre-IPO investors

Investor / VCNo state linkage recorded

Scale

Over 212 million users and coverage of 200+ countries and regions in the first nine months of 2025; Talkie/Xingye had approximately 20 million monthly active users, with average revenue per user of only about US$5 during the period; revenue of US$53 million and a loss of US$512 million in the first nine months of 2025 (per the prospectus/media citations); actual IPO proceeds of approximately US$619 million on the Hong Kong Stock Exchange on 9 January 2026.

Magnitude marker: ~619,000,000 USD

Monetary fields mix investment, revenue and user metrics. Treat them as magnitude markers only — never sum them across records; defer to the verbatim wording and source above.

Sources & notes

Source: Zhipu and MiniMax IPO (ChinaTalk) — cites MiniMax prospectus: 212m users, 200+ countries, Singapore subsidiaries Subsup (2022) and Nanonoble (2024) (2026)High

Record note: Verified: Subsup Pte. Ltd. (202232608W, 14 September 2022) and Nanonoble Pte. Ltd. (202410771D, 19 March 2024, Beach Road Gateway East) are both companies registered with 'Live' status at ACRA; based on the prospectus, ChinaTalk confirmed that these are MiniMax's two main subsidiaries in Singapore. The uncertainty over the parent company's founding year has been resolved: 2021 (2022 was the registration year of the Subsup subsidiary). To be supplemented: the claimed amount of US$75 million needs to be verified against court filings.

Compiled from public reporting and company disclosures. Not legal or investment advice — cite the source link alongside any quotation.

Related records

Other records in the same host country or AI segment, ranked by source reliability and year.

Zhipu AI (Z.ai)

Singapore·Southeast Asia

LandedSE-017
Large Models / Generative AIGovernment / Project-based Cooperation2025

Zhipu AI has prioritised Southeast Asia in its overseas expansion: it has established offices in Singapore and Malaysia, operates joint 'innovation centres' in Indonesia and Vietnam, and promotes localised sovereign AI agents to multiple national governments; its Hong Kong IPO prospectus confirms that the company is involved in building 'national- and city-level foundation model platforms' in Southeast Asia. In the first three quarters of 2025, revenue from private (on-premises) large-model deployments in Malaysia and Singapore was nearly RMB 18 million (approximately US$2.6 million), making these its only overseas private-deployment markets besides the United States.

Source: China's Zhipu eyes expansion via Belt and Road Initiative as global AI market heats up (SCMP) (2025)High

Alibaba Cloud (Qwen)

Singapore·Southeast Asia

LandedSE-014
Large Models / Generative AITechnology Licensing / Open-source Release2025

Alibaba Cloud partnered with Singapore's national AI programme AI Singapore to build the regional multilingual model Qwen-SEA-LION-v4 (released November 2025) based on Tongyi Qwen3-32B: post-trained on more than 100 billion tokens of Southeast Asian language data, covering Indonesian, Malay, Thai, Vietnamese, Burmese, Filipino, Tamil, and other languages; it offers 4-bit/8-bit quantised versions that can run on consumer-grade laptops, is freely available via Hugging Face, and has topped the SEA-HELM leaderboard among open-source models of the same class.

Source: Alibaba's Qwen Powers AI Singapore's latest LLM to Strengthen Multilingual Performance in Southeast Asia (Alibaba Cloud press release) (2025)Medium
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MiniMax in Singapore — Large Models / Generative AI deployment record | HaiWen HQ