Report: China-based Moonshot AI, maker of Kimi models, raised a $500M Series C at a $4.3B valuation led by IDG Capital, with Alibaba and Tencent participating (Iris Deng/South China Morning Post)

Iris Deng / South China Morning Post:
Report: China-based Moonshot AI, maker of Kimi models, raised a $500M Series C at a $4.3B valuation led by IDG Capital, with Alibaba and Tencent participating  —  The Kimi AI model developer is now valued at US$4.3 billion, with cash reserves worth US$1.4 billion

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