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MiniMax founder: No longer receiving salary, personally contributing 5% of company shares for team incentives and open-source support.

2026-07-10 02:01:39

Abstract generation in progress

BlockBeats News, July 10 — MiniMax founder and CEO Yan Junjie released an internal letter to all employees, responding to recent market fluctuations and emphasizing that the company’s long-term direction will remain unchanged. In the letter, Yan announced that, effective immediately and until the day the company achieves AGI, he will no longer receive any salary from the company. Over the next four years, he will set aside shares he holds personally that are equivalent to 4% of the company’s total share capital, to incentivize team members who fight side by side with the company over the long term and create value together; he will also set aside 1% of the shares to establish a dedicated fund to continuously support the development of relevant open-source communities. (Jin Shi)

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