Moonshot AI raises $2 billion at $20 billion valuation as Chinese AI labs attract major investors
Moonshot AI, creator of the popular Kimi chatbot, has closed a $2 billion funding round at a $20 billion valuation, led by Meituan's venture arm. The Beijing-based AI lab has raised $3.9 billion in just six months, with annual recurring revenue surpassing $200 million. The deal signals surging investor appetite for Chinese AI startups as they compete with OpenAI and Anthropic.