Overview
- Moonshot AI raised about $2 billion on Thursday, lifting its valuation to about $20 billion and its six‑month fundraising total to roughly $3.9 billion.
- Long‑Z Investment, the venture arm of Meituan, led the deal with Tsinghua Capital, China Mobile and CPE Yuanfeng participating, according to the adviser.
- Kimi K2.6, the lab’s latest open‑weight large language model, ranks among the most‑used globally and is currently near the top on OpenRouter’s usage charts.
- Annual recurring revenue surpassed $200 million in April, helped by paid subscriptions and API usage, the adviser’s statement said.
- The company is weighing a Hong Kong listing under China’s updated rules for offshore‑registered firms and may unwind its Cayman structure, according to media reports.