Kimi reportedly nears $2 billion funding round at over $20 billion valuation

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. Kimi developer Moonshot AI is close to completing a new $2 billion funding round that would value the company at more than $20 billion, according to LatePost. The round is reportedly led by Meituan’s Long-Z Fund, with China Mobile and CPE joining as investors. Moonshot AI had already completed three funding rounds in January and February totaling $1.9 billion. With the new round, the company would have raised more than $3.9 billion in less than six months, making it the most-funded startup among China’s large model companies. [LatePost, in Chinese]

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