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Money · ChinaMoonshot 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…See the Story
IDG Leads $500M Series C for Moonshot AI, Oversubscribed by Alibaba & Tencent · TechNode
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