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MiniMax Boosts Alibaba Cloud Spend as Training and Inference Demand Rises

Alibaba logoAlibaba
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MiniMax plans to spend up to US$300 million on Alibaba Cloud this year, nearly tripling its prior US$115 million cap after using two thirds of the budget by end-June. It also raised its 2026 API service budget with Alibaba to US$7.5 million from US$650,000, taking the three-year total to US$62.5 million as compute demand rises for model training and live inference. The update follows a 283% first-half revenue jump to US$116.6 million driven by a 700% rise in enterprise sales.

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