CHINA STRONGLY ON UK SANCTIONS ON TWO CHINESE ENTITIES: HAS LODGED FORMAL PROTESTS

Moonshot AI (Kimi) is set to complete a new $2 billion funding round at a post-money valuation exceeding $20 billion, led by Meituan’s Dragon Ball Capital with participation from China Mobile and CPE, according to people familiar. Dragon Ball is contributing more than $200 million. The company raised $500 million, $700 million and $700 million in three rounds in January and February; including the latest deal, it has secured over $3.9 billion in less than six months, with valuation up more than fourfold from about $4.3 billion in November. Total funding has surpassed 37.6 billion yuan, the highest among large-model startups. Including IPO proceeds, MiniMax has raised about 15 billion yuan and Zhipu about 13 billion yuan; as of May 6 midday, MiniMax’s market value is about 210 billion yuan and Zhipu’s about 347 billion yuan. (LatePost)

半导体行业协会(SEMI)负责人：如果危机持续，成本上升可能会扰乱芯片生产。