# Alibaba leads MiniMax's USD 600 million Series B round at an approximately USD 2.5 billion post-money valuation

MiniMax, Xiyu Technology, completed USD 600 million in Series B funding in 2024/3, led by Alibaba at a post-money valuation of approximately USD 2.5 billion.



Canonical: https://uniquebase.ai/news/0b64076e-f2da-4e5c-af24-d9912f5e1eba
Stable identifier: 0b64076e-f2da-4e5c-af24-d9912f5e1eba
Snapshot captured: 2026-10-20T18:19:32.670Z
English updated: 2026-10-20T18:23:01.094Z

## Connected profiles

- [Alibaba](/institutions/alibaba)
- [Hongshan China](/institutions/hongshan-china)
- [MiniMax](/companies/minimax)

## Sources

- https://m.36kr.com/p/2678677346318082