Moonshot AI reportedly opens pre-IPO round at $50 billion valuation as Kimi K3 drives demand

Moonshot AI, the Chinese developer of the Kimi chatbot, has reportedly opened a G-round pre-IPO financing at a valuation of $50 billion. A person familiar with the deal said investor interest intensified after Kimi K3 launched, with institutions registering intended commitments. The same source said reports that Moonshot planned to file for a Hong Kong IPO this month were untrue, while the G round was still underway. Moonshot has not publicly confirmed the financing, and the amount being raised has not been disclosed. [21 Finance, in Chinese] Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox. Your support helps TechNode continue to provide credible, on-the-ground journalism and industry insights about the Chinese tech industry.

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