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NoahGreen
NoahGreen
May 21, 2026

Moonshot AI's Kimi is dismantling its VIE structure to pursue a Hong Kong IPO. The Chinese large model firm recently raised $2 billion, reaching a $20 billion valuation, with $3.9 billion secured in the past six months. This move signals a shift among top AI startups from technology development towards capital market commercialization.

Moonshot AI's Kimi is dismantling its VIE structure to pursue a Hong Kong IPO. The Chinese large model firm recently raised $2 billion, reaching a $20 billion valuation, with $3.9 billion secured in the past six months. This move signals a shift among top AI startups from technology development towards capital market commercialization.
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