Beijing‑based Moonshot AI raised roughly $2 billion in a financing round led by Meituan’s Long‑Z Investment, pushing its valuation to $20 billion. The round also included Tsinghua Capital, China Mobile and CPE Yuanfeng. Founded in 2023 by former Meta and Google Brain researcher Yang Zhilin, the lab’s open‑weight Kimi models have quickly become some of China’s most used large‑language models, driving annual recurring revenue past $200 million. The new capital arrives as global demand for Chinese open‑source AI surges, positioning Moonshot alongside rivals such as DeepSeek, Zhipu AI and MiniMax. Read more →