
Moonshot AI (Kimi), a Chinese AI startup, has completed a $500 million Series C funding round led by IDG Capital, which invested $150 million. The round was oversubscribed by existing backers Alibaba, Tencent, and Meituan co-founder Wang Huiwen, valuing the company at $4.3 billion. With cash reserves now exceeding 10 billion RMB (approx…
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