Moonshot AI wants a $30bn valuation six months after being worth $4bn. That tells you everything about China’s AI funding race.
TL;DR
Moonshot AI is seeking a $30bn valuation in its third funding round in six months, up from $4bn in December. The Kimi developer’s ARR topped $200m in April as Chinese AI labs race to match American peers before IPO windows open.
Moonshot AI, the Beijing-based developer of the Kimi chatbot, is seeking as much as $2 billion in a new funding round that would value the company at $30 billion, Bloomberg reported on Sunday. If the round closes at that target, it would mark a seven-fold increase in capitalisation since December, when the startup was valued at just over $4 billion.
The discussions have begun while Moonshot is still closing a previous round led by Meituan that valued it at $20 billion. That makes this the company’s third financing in six months. Total fundraising over that period: approximately $3.9 billion.
Where Moonshot sits in the pecking order
China’s AI...
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