South China Morning Post
International · 1 hrs ago
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Kimi developer Moonshot AI valued at US$20b as it navigates China’s new IPO rules
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Chinese AI startup Moonshot AI has raised approximately $2 billion in new funding, bringing its valuation to over $20 billion, as it adapts to Beijing's updated regulations for overseas-registered companies seeking listings.
Kimi developer Moonshot AI valued at US$20b as it navigates China’s new IPO rules
Chinese artificial intelligence start-up Moonshot AI has raised about US$2 billion in a new funding round, boosting its valuation to more than US$20 billion as it navigates Beijing’s new listing rules for companies registered overseas.
The funding was led by Meituan and involved China Mobile. Over the past six months, Moonshot had raised a total of US$3.9 billion, according to a statement by the deal’s financial adviser HF Capital on Thursday.
The Beijing-based company, best known for its Kimi..
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