Chinese AI Firm Moonshot Pursues $3 Billion IPO in Hong Kong

Chinese AI startup Moonshot has confidentially filed for an initial public offering in Hong Kong, according to sources familiar with the matter. The company, known for its Kimi large language model, is seeking to raise $3 billion, with its latest version, Kimi K3, receiving positive reviews and strong demand. Moonshot is reportedly in talks with major US cloud companies like Microsoft, Amazon, and Google for revenue-sharing agreements to host the model. Moonshot is valued at $50 billion in its ongoing funding round, positioning it slightly below competitors such as DeepSeek and Z.AI. The IPO timeline is contingent on regulatory approvals…