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China’s Moonshot AI raises US$500 million in latest funding round: report

Moonshot AI, developer of the highly lauded Kimi AI models, saw IDG Capital lay out US$150 million to lead the latest financing round, with existing stakeholders Alibaba Group Holding and Tencent Holdings also participating, Chinese technology news outlet LatePost reported on Wednesday. Alibaba owns the South China Morning Post.The fresh injection of capital pushed Moonshot AI’s valuation to US$4.3 billion, according to the report. The company now holds more than 10 billion yuan (US$1.4 billion)...

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