The Rise of Moonshot AI and DeepSeek in China’s AI IPO Rush

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Two of China’s AI darlings are gearing up for IPOs in the near future. Moonshot AI, the Beijing-based startup known for its Kimi AI, is poised for a Hong Kong listing within the next six months. The company is finalizing a funding round that values it at over $30 billion and plans to raise additional capital after the IPO. Moonshot recently launched the K3, a 2.8 trillion-parameter model that outperforms U.S. frontier models. On the other hand, DeepSeek, a respected AI lab based in Hangzhou, is aiming for an IPO on Shanghai’s STAR market as early as the second quarter…

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