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MiniMax Raises $600M: Alibaba-Led Funding Round Valued at $2.5B

Minimax is not that small https://
en.wikipedia.org/wiki/MiniMax_(
company)
… "In March 2024, Alibaba Group led a $600 million financing round for MiniMax giving it a valuation of $2.5 billion. Other investors of MiniMax include Hillhouse Investment, HongShan, IDG Capital and Tencent.[1][5]"

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