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Euronews
Euronews
Quirino Mealha

Moonshot AI eyes Hong Kong IPO after $50 billion valuation as DeepSeek raises capital

DeepSeek Moonshot AI Hong Kong IPO Tencent CATL Minimax Nvidia

Two of China's most closely watched AI developers are edging towards public markets, with Moonshot AI, the company behind the Kimi chatbot, lining up a flotation as rival DeepSeek attracts far more investor cash than it originally sought.

Beijing-based Moonshot AI has completed its last private funding round, valuing it at about $50 billion (€44.6bn), up from $31.5 billion (€28.1bn) in a round this summer, according to Bloomberg, which cited people familiar with the matter.

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