Alibaba Group

Tracked participation in 2 Atlas companies, with 1 explicitly attributed lead.

2portfolio companies

2round participations

1lead positions

$600Mled round total

Conviction

Most recent leads

The latest rounds this investor is sourced as leading, newest first.

Mar 2024MiniMaxSeries B (or similar late-stage priced equity round led by Alibaba; reported as ongoing/committed)$600Mat $2.5B valuation

Capital activity

Portfolio

CompanyLatest valuationFirst → latestRoundsRoleAttributed partner

MMiniMaxApplicationsMiniMax (minimax.io) is a global AI foundation model company focused on multimodal model development and consumer +…$2.6Bvaluation$2.3BraisedRecent roundsIPO (Hong Kong; global offering) · Jan 2026$710M · Abu Dhabi Investment Authority (ADIA), Alibaba +5Pre-B Series · Mar 2024$654MSeries B (or similar late-stage priced equity round led by Alibaba; reported as ongoing/committed) · Mar 2024$600M · led by Alibaba GroupMiniMax$2.5BMar 2024 → Mar 20241 round1 led—

CCambriconChipsCambricon (official Chinese name: 中科寒武纪科技股份有限公司; operating brand: 寒武纪) is a publicly listed AI chip and…$2.5Bvaluation$5.1BraisedRecent roundsDirected share issuance (向特定对象发行A股股票, “large-model” related financing program) · Sep 2025$4B · Bosera Fund Management Co., Ltd. (博时基金管理有限公司), China Asset Management Co., Ltd. (新华资产管理股份有限公司) +11Private placement / additional equity issuance (post-IPO) · Sep 2025$559.6MInitial Public Offering (IPO) · Jul 2020$367.8MCambricon$2.5BJun 2018 → Jun 20181 roundParticipant—

DateCompanyRoundRaisedValuationRoleEvidence

Mar 05, 2024MMiniMaxApplicationsMiniMax (minimax.io) is a global AI foundation model company focused on multimodal model development and consumer +…$2.6Bvaluation$2.3BraisedRecent roundsIPO (Hong Kong; global offering) · Jan 2026$710M · Abu Dhabi Investment Authority (ADIA), Alibaba +5Pre-B Series · Mar 2024$654MSeries B (or similar late-stage priced equity round led by Alibaba; reported as ongoing/committed) · Mar 2024$600M · led by Alibaba GroupMiniMaxSeries B (or similar late-stage priced equity round led by Alibaba; reported as ongoing/committed)$600M$2.5BLead

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Jun 20, 2018CCambriconChipsCambricon (official Chinese name: 中科寒武纪科技股份有限公司; operating brand: 寒武纪) is a publicly listed AI chip and…$2.5Bvaluation$5.1BraisedRecent roundsDirected share issuance (向特定对象发行A股股票, “large-model” related financing program) · Sep 2025$4B · Bosera Fund Management Co., Ltd. (博时基金管理有限公司), China Asset Management Co., Ltd. (新华资产管理股份有限公司) +11Private placement / additional equity issuance (post-IPO) · Sep 2025$559.6MInitial Public Offering (IPO) · Jul 2020$367.8MCambriconSeries B$100M$2.5BParticipant

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DateCompanyRoundRaisedValuationRoleEvidence

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