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MiniMax Sets Up Its First Official Store on Tmall, Sells Token Packages: Large Model Manufacturers Are Bringing Their Counters into E-commerce

LLM vendors are moving token sales from official sites to e-commerce. MiniMax opened its first Tmall flagship store, listing M Plan subscriptions (Go, Explore, Build) monthly/yearly. Before Double 11, Zhipu, Alibaba Cloud, and Qwen Office joined Tmall, accelerating LLM sales via e-commerce.....

13.8k 23 hours ago

Report: DeepSeek Annual Revenue Exceeds $1 Billion, Plans to Raise 50 Billion Yuan to Pursue Listing on the Shanghai Stock Exchange

DeepSeek's annualized revenue has surpassed $1 billion, doubling from under $500 million months ago, driven by price increases and rising developer/enterprise adoption. CEO Liang Wenfeng disclosed the figure at an investor meeting, seen as boosting market confidence.....

21.2k 1 days ago

Report: DeepSeek Annual Revenue Exceeds $1 Billion, Plans to Raise 50 Billion Yuan to Pursue Listing on the Shanghai Stock Exchange

Report: OpenAI Plans to Start a New Round of Funding with a Valuation of Over $1.2 Trillion

According to foreign media, OpenAI is in preliminary negotiations with investors for a new round of funding, with an estimated valuation of $1.2 trillion (about 807 billion yuan). This round is initiated by investors, and whether it will be completed and the timing depend on its listing plan, and the valuation may still change. Earlier in March, the company raised 122 billion dollars at a valuation of 825 billion dollars.

15.5k 1 days ago

Alibaba to Issue New Shares Worth 80 Billion Hong Kong Dollars, Funds to Be Fully Invested in AI

Alibaba announced on Aug 23 a plan to raise HK$80 billion via share placement to non-U.S. investors outside the U.S., all for full-stack AI capabilities and AI infrastructure. It is its first placement since the 2019 HK listing and was oversubscribed. Latest quarter revenue rose 9% YoY to RMB268.953 billion; AI-related annualized revenue topped RMB49.5 billion.....

15.8k 9 hours ago