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)
