MiniMax Alibaba Cloud Spend
MiniMax spent $75.88M on Alibaba Cloud in 2025 – up 7x from 2024. Its cap under the Alibaba Cloud Services agreement rises to $135M in 2028.
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Z.ai
Z.ai In Tokens
In April 2026, Z.ai models on OpenRouter processed 5.38 trillion tokens. Z.ai tokens processed increased 75.77% month-over-month.
Z.ai
From $8M To $104M
Z.ai generated $103.6M (USD) in revenue in 2025 – up 12x since 2022. Research & Development spend hit $454.8M in 2025, or 439% of revenue.
MiniMax
MiniMax Alibaba Cloud Spend
MiniMax spent $75.88M on Alibaba Cloud in 2025 – up 7x from 2024. Its cap under the Alibaba Cloud Services agreement rises to $135M in 2028.
MiniMax
MiniMax 7-Day MA Ranked
In April 2026, among the AI Tigers, MiniMax models had a 170B seven-day moving average in tokens processed. It's decreased 26% month-over-month.