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Alibaba Backs $2.5 Billion AI Startup in Second Major 2024 Deal

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March 5, 2024, 6:55 a.m. | Jane Zhang

Bloomberg Technology bloomberg.com

Alibaba Group Holding Ltd. is leading a financing round of at least $600 million for Chinese AI startup MiniMax, spearheading its second major deal in the space this year as it deploys capital in pursuit of growth.

alibaba alibaba group alibaba group holding ltd billion capital chinese chinese ai deal financing growth least major minimax nys:baba space startup

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