MiniMax has raised its three-year Alibaba Cloud spending ceiling by 220% to $1.2 billion, with annual limits of $300 million in...

Source Brief

MiniMax has raised its three-year Alibaba Cloud spending ceiling by 220% to $1.2 billion, with annual limits of $300 million in 2026, $400 million in 2027, and $500 million in 2028. The increase signals fast-growing compute demand from a leading Chinese AI company.