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Kimi developer Moonshot AI valued at US$20b as it navigates China’s new IPO rules

May 7, 2026
Source: scmp.com scmp.com
News Snapshot:
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 chatbot, saw its annual recurring revenue (ARR) exceed US$200 million in April, the statement said. ARR is used to project a firm’s 12-month...
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China Tech Buzz Topics: AI | artificial intelligence | Beijing | capital | Cayman | chatbot | China | China Mobile | China Securities Regulatory Commission | Chinese | commission | developer | finance | financial | Hong Kong | initial public offering | ipo | IT | LED | listing | listings | Meituan | mobile | offshore | overseas

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