Alibaba Group (阿里巴巴)

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 (reported; amount/valuation partly undisclosed)$600Mat $2.5B valuation

Capital activity

Portfolio

CompanyLatest valuationFirst → latestRoundsRoleAttributed partner

MMiniMaxFrontierMiniMax (listed as MiniMax Group Inc.) is a multimodal foundation-model company that develops model families across…$1.9Kvaluation$1.2BraisedRecent roundsGrowth/extension round (amount disclosed) · Jul 2025$300M · Shanghai Futeng Private Equity Fund Management Co., Ltd., Shanghai State-Owned Capital Investment Fund of Funds Co., Ltd.Series Pre-B (Pre-IPO) · Mar 2024$654Series B (reported; amount/valuation partly undisclosed) · Mar 2024$600M · led by Alibaba Group (阿里巴巴)MiniMax$2.5BMar 2024 → Mar 20241 round1 led—

CCambriconChipsCambricon (中科寒武纪科技股份有限公司; SSE STAR Market: 688256) is a fabless AI semiconductor and intelligent computing systems…$25.7Bvaluation$7BraisedRecent roundsPIPE / private placement (向特定对象发行股票; described as PIPE-III) · Oct 2025$4B · Bosera Asset Management Co., Ltd., China Universal Asset Management Company Ltd. +12IPO (STAR Market) · Jul 2020$367.7M · Public market / strategic investors (IPO allotment participants not fully listed in the SCMP excerpt; investor identities require IPO allotment documents)IPO (STAR Market) — offering economics disclosed (gross proceeds) · Jul 2020$2.6B · Not specified in the cited document excerpt (strategic/allotment investors not listed in the excerpt)Cambricon$2.5BJun 2018 → Jun 20181 roundParticipant—

DateCompanyRoundRaisedValuationRoleEvidence

Mar 05, 2024MMiniMaxFrontierMiniMax (listed as MiniMax Group Inc.) is a multimodal foundation-model company that develops model families across…$1.9Kvaluation$1.2BraisedRecent roundsGrowth/extension round (amount disclosed) · Jul 2025$300M · Shanghai Futeng Private Equity Fund Management Co., Ltd., Shanghai State-Owned Capital Investment Fund of Funds Co., Ltd.Series Pre-B (Pre-IPO) · Mar 2024$654Series B (reported; amount/valuation partly undisclosed) · Mar 2024$600M · led by Alibaba Group (阿里巴巴)MiniMaxSeries B (reported; amount/valuation partly undisclosed)$600M$2.5BLead

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Jun 20, 2018CCambriconChipsCambricon (中科寒武纪科技股份有限公司; SSE STAR Market: 688256) is a fabless AI semiconductor and intelligent computing systems…$25.7Bvaluation$7BraisedRecent roundsPIPE / private placement (向特定对象发行股票; described as PIPE-III) · Oct 2025$4B · Bosera Asset Management Co., Ltd., China Universal Asset Management Company Ltd. +12IPO (STAR Market) · Jul 2020$367.7M · Public market / strategic investors (IPO allotment participants not fully listed in the SCMP excerpt; investor identities require IPO allotment documents)IPO (STAR Market) — offering economics disclosed (gross proceeds) · Jul 2020$2.6B · Not specified in the cited document excerpt (strategic/allotment investors not listed in the excerpt)CambriconSeries B—$2.5BParticipant

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DateCompanyRoundRaisedValuationRoleEvidence

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