Beijing‑based Moonshot AI closed a $2 billion financing round led by Meituan’s Dragon Ball arm, with China Mobile, CITIC Private Equity and other investors participating. The deal values the Kimi chatbot maker at over $20 billion—roughly seven times its December 2024 valuation. Founded in 2023 by three Tsinghua alumni, Moonshot has seen its consumer‑facing Kimi product double annual recurring revenue to more than $200 million in two months. The funding surge places the firm among China’s most heavily backed AI labs and fuels speculation about a near‑term public listing. Read more →