China’s Moonshot AI seeks $30 billion value in new funding talks
China’s Moonshot AI seeks $30 billion value in new funding talks
https://www.japantimes.co.jp/business/2026/06/08/tech/china-moonshot-ai-funding/
Publish Date: 2026-06-08 01:55:00
Source Domain: www.japantimes.co.jp
- Moonshot AI aims to secure up to $2 billion in a new funding round, valuing the startup at $30 billion.
- The company targets to raise more than $1 billion in the latest round, starting discussions with potential investors.
- Moonshot AI, developer of the Kimi chatbot, saw a seven-fold increase in capitalization in just six months, rising from December’s valuation of $4 billion.
- The Beijing-based firm is part of a highly competitive group in China’s AI race, competing with companies like OpenAI and Anthropic.
- The new funding would help Moonshot surpass its publicly listed peer, Minimax Group, which had a market value of around $20 billion.
