NEWSAR
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SRCSouth China Morning Post
LANGEN
LEANCenter-Right
WORDS169
ENT7
WED · 2026-02-25 · 11:30 GMTBRIEF NSR-2026-0225-19144
News/China’s MiniMax, Moonshot top AI token use ranking, ending y…
NSR-2026-0225-19144News Report·EN·Technology

China’s MiniMax, Moonshot top AI token use ranking, ending year of US dominance

Chinese open-source AI models from MiniMax AI and Moonshot AI have surpassed US developers in global token usage, according to data from OpenRouter, an online AI hosting platform. This marks the end of a year of US dominance in the AI model market.

Ben JiangSouth China Morning PostFiled 2026-02-25 · 11:30 GMTLean · Center-RightRead · 1 min
China’s MiniMax, Moonshot top AI token use ranking, ending year of US dominance
South China Morning PostFIG 01
Reading time
1min
Word count
169words
Sources cited
1cited
Entities identified
7entities
Quality score
100%
§ 01

Briefing Summary

AI-generated
NEWSAR · AI

Chinese open-source AI models from MiniMax AI and Moonshot AI have surpassed US developers in global token usage, according to data from OpenRouter, an online AI hosting platform. This marks the end of a year of US dominance in the AI model market. MiniMax's M2.5 model, launched recently, leads with 4.55 trillion tokens used this month by developers via OpenRouter. Moonshot's Kimi K2.5, released last month, ranks second with 4.02 trillion tokens. Together with DeepSeek, MiniMax and Moonshot account for nearly two-thirds of the total token usage among the top five models on OpenRouter this month. The increased usage reflects growing international demand for Chinese open-source AI models.

Confidence 0.90Sources 1Claims 5Entities 7
§ 02

Article analysis

Model · rule-based
Framing
Technology
Economic Impact
Tone
Measured
AI-assessed
CalmNeutralAlarmist
Factuality
0.90 / 1.00
Factual
LowHigh
Sources cited
1
Limited
FewMany
§ 03

Key claims

5 extracted
01

4.55 trillion tokens were used on the M2.5 model by developers via OpenRouter's platform.

statisticOpenRouter
Confidence
1.00
02

Kimi K2.5 from Moonshot was ranked second with 4.02 trillion tokens used.

factualOpenRouter
Confidence
0.95
03

M2.5 from MiniMax was the most popular AI model by token usage this month.

factualOpenRouter
Confidence
0.95
04

MiniMax, Moonshot and DeepSeek accounted for nearly two thirds of the total token usage among the top five models.

statisticOpenRouter
Confidence
0.90
05

Chinese open-source AI models from MiniMax AI and Moonshot AI have topped global token usage.

factualOpenRouter
Confidence
0.90
§ 04

Full report

1 min read · 169 words
Chinese open-source artificial intelligence models, led by those from MiniMax AI and Moonshot AI, have topped global token usage, ending a year of market dominance for US developers, according to data from OpenRouter.Online AI hosting platform OpenRouter’s latest ranking reflected the increased international demand for Chinese open-source models on its site following a series of new releases.Launched around two weeks ago, the M2.5 from Shanghai-based MiniMax emerged as the most popular AI model by token usage so far this month, according to OpenRouter, which found 4.55 trillion tokens used on the M2.5 model by developers via its platform.A token is the fundamental unit of data input – including whole words, parts of words, characters or punctuation marks – that an AI model processes to generate output.Released last month, Kimi K2.5 from Beijing-headquartered Moonshot was ranked second with 4.02 trillion tokens used by developers on OpenRouter.MiniMax, Moonshot and DeepSeek accounted for nearly two thirds of the total token usage among the top five models ranked this month, according to OpenRouter.
§ 05

Entities

7 identified
§ 06

Keywords & salience

10 terms
artificial intelligence
1.00
ai models
0.90
token usage
0.80
minimax ai
0.70
open-source
0.70
moonshot ai
0.70
openrouter
0.60
china
0.60
market dominance
0.50
developers
0.40
§ 07

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