IDG Leads $500M Series C for Moonshot AI, Oversubscribed by Alibaba & Tencent · TechNode

China’s Moonshot AI raises US$500 million in latest funding round: report

The Kimi AI model developer is now valued at US$4.3 billion, with cash reserves worth US$1.4 billion.

IDG Leads $500M Series C for Moonshot AI, Oversubscribed by Alibaba & Tencent · TechNode

Moonshot AI (Kimi), a Chinese AI startup, has completed a $500 million Series C funding round led by IDG Capital, which invested $150 million. The round was oversubscribed by existing backers Alibaba, Tencent, and Meituan co-founder Wang Huiwen, valuing the company at $4.3 billion. With cash reserves now exceeding 10 billion RMB (approx. $1.37 billion), sources indicate the company faces no immediate IPO pressure. CEO Yang Zhilin stated the capi…

Moonshot AI, one of China's leading 'AI Tigers', raises $500M to fill its AI infrastructure war chest

Chinese large language model developer Moonshot AI has reportedly raised $500 million in funding at a time when its domestic artificial intelligence rivals are gearing up to hit the public markets. The Series C funding round was first reported by the South China Morning Post, which named IDG Capital as the lead investor, laying out […] The post Moonshot AI, one of China’s leading ‘AI Tigers’, raises $500M to fill its AI infrastructure war chest …

Chinese AI Startup MiniMax Eyes $600M IPO Backed by Alibaba and Abu Dhabi

MiniMax is no longer just another AI startup. It’s preparing for a public debut. The Chinese AI company is targeting a $600 million IPO with backing from Alibaba and Abu Dhabi investment authorities, according to people familiar with the matter. The final size and timing of the offering could still change. According to a report by The Business Times, sources familiar with the situation said the Chinese startup recently secured a deal with the in…

Chinese AI startups beat Silicon Valley to the public markets in a massive IPO wave

Deepseek's rise is driving a wave of Chinese AI companies to go public. Zhipu AI is set to become the first listed large language model company, while OpenAI and Anthropic are still working out their IPO plans. The article Chinese AI startups beat Silicon Valley to the public markets in a massive IPO wave appeared first on The Decoder.