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Fortune
Fortune
Business
Nicholas Gordon

Moonshot, DeepSeek, and the Great Chinese AI IPO Rush

(Credit: VCG/VCG via Getty Images)

Two of China’s AI darlings are—according to media reports, at least—headed for an IPO.

Moonshot AI, the Pink-Floyd inspired startup behind Kimi, is reportedly preparing a Hong Kong listing within six months. The startup is close to finalizing a funding round that values the startup at just over $30 billion–and then, according to Bloomberg, will immediately turn around and try to raise even more money.

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