MiniMax secures $2 billion in escalating China AI funding race
The fundraising comes as MiniMax’s market performance has diverged sharply from that of domestic rival Zhipu AI.
Day: July 10, 2026
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Alibaba folds Cainiao’s China unit into e-commerce in logistics overhaul
The restructuring extends a strategic shift that began after Alibaba withdrew Cainiao’s planned Hong Kong IPO in 2024.
Enflame given go-ahead for IPO registration, completes AI chip quartet
Enflame’s IPO approval marks another milestone in China’s bid to build a self-sufficient AI semiconductor industry amid tightening US export controls.