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17 Feb 2026
China AI startup Moonshot targets US$10 bil valuation — Bloomberg
Summary
Moonshot, a Chinese AI startup, is seeking a US$10 billion valuation in its latest funding round, backed by Alibaba, Tencent, and 5Y Capital. The company, known for its Kimi chatbot, recently released the K2.5 model, which ranks second among open-source models. While Moonshot is not in a rush for an IPO, it is experiencing significant growth in paying users and has launched a cloud service for its paid users.