TECH NEWS

Moonshot AI’s $20bn valuation seals one of China’s fastest AI funding trajectories

Meituan Dragon Ball is leading a $2bn round in the Beijing-based maker of the Kimi chatbot, with China Mobile and CITIC Private Equity Funds participating. The valuation is roughly seven times the figure Moonshot carried sixteen months ago.

Moonshot AI, the Beijing-based developer of the Kimi chatbot, is closing a $2bn funding round at a post-money valuation above $20bn, Bloomberg reported on Wednesday. Meituan’s Dragon Ball investment arm is leading the round, with China Mobile, CITIC Private Equity Funds, and other institutions participating. Meituan Dragon Ball alone is contributing more than $200m.

The valuation is the third major step-up for Moonshot in less than two years. The company’s first Alibaba-led round in February 2024 valued it at $2.5bn post-money on a $1bn raise.

A December 2024 round took the figure to $3bn, before a legal dispute with five early investors briefly stalled the company’s narrative. The new $20bn...

Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE

Samsung Union Suspends Strike After Reaching Tentative Deal On Bonuses

The strike would have impacted Samsung's memory chip production. Chung Sung-jun/Getty Images Samsung's largest labor union in South Korea has suspended the strike that was set to begin on May 21 after reaching a tentative deal with the company. Nearly 48,000 workers would have

https://cdn1.expresscomputer.in/wp-content/uploads/2026/05/21104522/S-Krishnan-1.jpg

MeitY Holds National Workshop to Strengthen Cyber Security Frameworks for State Data

States, UTs discuss cybersecurity preparedness, DPDP compliance and institutional reforms ahead of national policy framework The Ministry of Electronics and Information Technology (MeitY) organised a National Consultative Workshop on “Strengthening Cyber Security Frameworks for State Data” at The Ashok Hotel, New Delhi, on 11 May 2026. The workshop was chaired

https://media.wired.com/photos/66ea077039cb65abef27cd6f/191:100/w_1280,c_limit/WIRED-Coupons-9.jpg

Vitamix Promo Codes and Deals: $25 Off + Free Shipping

I've been hooked on smoothies in an almost superstitious way ever since college: A fruit smoothie is like a good luck charm, promising the health you feel you deserve despite all your other bad decisions. But in my more recent adult life, a good blender is the passport

https://media.wired.com/photos/66ea0770dbf190a9d5157ecd/191:100/w_1280,c_limit/WIRED-Coupons-7.jpg

Hulu Promo Codes & Discounts: 20% Off in May

Like other popular services like Netflix and Max, Hulu is a streaming service that has exclusive series, current-season episodes, hit movies, Hulu Originals, kids shows, and more. There’s also a Hulu plan for nearly every kind of watcher, including streaming content with ads for a service on the cheap,

Read more

Samsung Union Suspends Strike After Reaching Tentative Deal On Bonuses

MeitY Holds National Workshop to Strengthen Cyber Security Frameworks for State Data

Vitamix Promo Codes and Deals: $25 Off + Free Shipping

Hulu Promo Codes & Discounts: 20% Off in May