[MiniMax: To B Business Share Reaches Approximately 80% Based on ARR Structure] According to a report by Jinse Finance, as of August 26, MiniMax's revenue structure is undergoing rapid changes. Based on the latest ARR (Annual Recurring Revenue) structure, the To B business accounts for approximately 80%, while the To C business accounts for about 20%. In comparison, during the same period last year, the To B business accounted for around 30%, and the To C business made up about 70%. The adoption rate of models by enterprises and developers is clearly accelerating. MiniMax stated that with the continuous upgrades of the M2 series and the successive launches of M3 and H3, the intelligence level of the models and inference throughput are improving simultaneously. The demand for model calls from enterprises and developers is becoming the new revenue driver for MiniMax.