Chinese AI startup Moonshot AI is considering an IPO in Hong Kong in order to attract investors to the AI sector. This is reported by foreign media.
Moonshot held talks with China International Capital Corp. and Goldman Sachs Group Inc. regarding participation in the organization of the proposed placement of shares in the amount of $ 1 billion and an increase in the value of the company to $ 18 billion.
In February 2024, Alibaba Group acted as a key investor in the financing of Moonshot AI with the participation of Monolith Management, Long-Z and Hongshan, raising $1 billion. Alibaba Group is among the investors of Moonshot AI along with Tencent and Microsoft (the total amount of attracted investments is $3.3 billion).
The Chinese government has tightened its control over the sale of shares in Hong Kong companies, but is ready to support major developers in the field of AI and robotics, including DeepSeek, Unitree and Moonshot. Other companies in the AI sector, including competitors Zhipu (Knowledge Atlas) and MiniMax, have seen a sharp increase in capitalization since going public in Hong Kong in January 2025 and are collectively valued at $40 billion.
Moonshot AI has developed the Kimi chatbot, popular in China, based on a large language model that can search for content on the Internet, understand what is happening in images and scan text documents. In January, Moonshot released an updated version of the flagship Kimi AI model. The K2.5 model can simultaneously process text, images, and video based on a single query, and is also the basis for the Kimi Claw version of the OpenClaw AI agent.
Moonshot AI is a Chinese company in the field of generative AI. The company is focused on developing Large Scale Language Models (LLM). The headquarters is located in Beijing (China).
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