business / news / / South China Morning Post
Chinese artificial intelligence start-up Moonshot AI has raised about US$2 billion in a new funding round.
Moonshot AI raised about US$2 billion, reaching a valuation above US$20 billion.
KEY POINTS
- The latest funding round was led by Meituan and China Mobile, per HF Capital.
- Moonshot AI's annual recurring revenue surpassed US$200 million in April 2024.
- Moonshot is considering unwinding its Cayman Islands structure to comply with new Beijing listing rules.
- Peer firms Zhipu AI and MiniMax have Hong Kong market caps significantly higher than Moonshot's current valuation.
COMPANIES
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