Particle.news
Download on the App Store
3 ARTICLES
·
9h ago

Moonshot AI Nears New Funding at $4.8 Billion Valuation, Sources Say

Investor enthusiasm is being fueled by Hong Kong listings that set higher benchmarks for Chinese AI startups.

Image
Alibaba-backed Moonshot AI reaches $4.8B valuation after latest funding round

Overview

  • The reported valuation represents a jump from about $4.3 billion in a Dec. 31 round, a roughly $500 million increase.
  • Two people with knowledge of the deal say the round is likely to close soon due to strong demand, with higher valuations possible in subsequent raises.
  • Rival IPOs in Hong Kong provide comparables: Zhipu (Knowledge Atlas) at about $13 billion and MiniMax at about $15.2 billion, according to Wind Information data.
  • The previous round included investors IDG Capital, Alibaba, and Tencent, according to Chinese outlet LatePost.
  • Moonshot’s Kimi chatbot gained early traction in China, where services like ChatGPT are not officially available, and the company has not commented on the funding or any IPO plans.