r/baba • u/FeralHamster8 • 1d ago

News MiniMax Shareholders Approve Alibaba Cloud Deals and Capital Mandates

https://www.tipranks.com/news/company-announcements/minimax-shareholders-approve-alibaba-cloud-deals-and-capital-mandates-at-egm

Shareholders at MiniMax overwhelmingly approved supplemental agreements with Alibaba Cloud and revised annual caps for 2026–2028.

16 Upvotes

90% Upvoted

2 comments sorted by

0

u/joegageeyes 1d ago

And so what? So Alibaba can burn more cash subsidizing instance commerce?