Overview
- Moonshot AI, which investors detailed Thursday, secured about $2 billion at a roughly $20 billion valuation led by Meituan’s Long‑Z Investment.
- China Mobile, Tsinghua Capital and CPE Yuanfeng joined the round, and the company has raised about $3.9 billion over the past six months.
- Annual recurring revenue topped $200 million in April, driven by paid subscriptions and API use, according to the deal adviser.
- Kimi K2.6 ranks among the most‑used language models by token volume on OpenRouter, signaling strong developer demand for the system.
- The company is weighing a restructuring of its Cayman holding to meet new guidance for a potential Hong Kong IPO, with no final decision disclosed.