Who is betting on what in AI, and against whom.
Alibaba
- Kind
- corporate
- Also a lab
- Alibaba (Qwen)
- Rounds
- 2, led 2
- Rounds joined
- $1.6B in total size
Camp exposure
Labs backed
MiniMaxListed in Hong Kong, January 2026.
MA
Moonshot AIKimi models; filed confidentially for a Hong Kong IPO in September 2026.
Rounds
| Date | Lab | Camp | Amount | Kind | Valuation | Role | Source |
|---|---|---|---|---|---|---|---|
| Mar 2024 | MiniMax | LLM scaling | $600M | funding round | $2.5B reported | led | SiliconANGLE |
| Feb 2024 | Moonshot AI | LLM scaling | $1B | funding round | $2.5B post-money | led | TechCrunch |